Shoreline Energy (SEQ-T) April 11, '14 board of directors has initiated a process to identify, examine and consider strategic and financial alternatives available to Shoreline with a view to enhancing shareholder value. The board of directors has established a special committee comprising all the independent members to oversee the process. Management and the board of directors are committed to acting in the best interests of the corporation and its stakeholders.
Strategic and financial alternatives may include, but are not limited to, the sale of the corporation, merger or other business combination, recapitalization, sale of all or a portion of the corporation's assets, or any combination thereof, as well as continued execution of its business plan, among all other alternatives. RBC Capital Markets has been retained as financial adviser to assist Shoreline and the special committee with this process.
It is the corporation's current intention not to disclose developments with respect to the strategic review process until the board of directors has approved a specific transaction or otherwise determines that disclosure is necessary or appropriate. The corporation cautions that there are no assurances or guarantees that the process will result in a transaction or, if a transaction is undertaken, the terms or timing of such a transaction. |
