Shoreline Energy Fund

June 01, 2009 08:22 ET

Shoreline Energy Fund Announces $100,000,000 Private Placement

TORONTO, ONTARIO--(Marketwire - June 1, 2009) - Shoreline Energy Fund ("Shoreline" or the "Fund"), is pleased to announce that it has entered into an agreement with Acumen Capital Finance Partners Limited ("Acumen" or the "Agent") to complete a private placement, on a commercially reasonable best efforts basis, of up to 1,000,000 trust units of the Fund (the "Units") at a price of $100.00 per Unit for total gross proceeds of up to $100,000,000 (the "Offering"). The initial closing is scheduled to be held on June 30, 2009. Subsequent closings may be held provided that the final closing occurs no later than December 31, 2009.


Shoreline Energy Fund's investment manager and an experienced oil & gas technical consultant team collaborate to identify and fully evaluate opportunistic investments in the Canadian Oil and Gas Sector. A unique analytical process allows the Fund to better understand all investments "up from the well level", which increases the quality of the portfolio. The Technical Consultant Team provides the ability for the Fund to own oil & gas assets, with the benefits to the Fund coming from increased control by the investment manager over actual operations that could enhance future value as commodity prices recover.

THIS PRESS RELEASE IS NOT TO BE CONSTRUED AS A PUBLIC OFFERING IN ANY PROVINCE IN CANADA UNLESS A PROSPECTUS RELATING THERETO HAS BEEN ACCEPTED FOR FILING BY A SECURITIES COMMISSION OR SIMILAR AUTHORITY IN SUCH PROVINCE. THIS PRESS RELEASE IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT").

This press release contains forward-looking statements including expectations of future investment returns. These statements are based on current expectations that involve a number of risks and uncertainties which could cause actual results to differ from those anticipated. Should any of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this press release. Shoreline Energy Fund and the investment manager believe the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. Such forward-looking statements included in this press release should not be unduly relied upon. These statements speak only as of the date of this press release.

Contact Information

  • Shoreline Energy Fund
    Trevor Folk
    (403) 648-9197
    www.fwmsecurities.ca
    or
    Acumen Capital
    Kelly Hughes
    (403) 571-5036