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Shoreline Energy Corp.

09:46 AM EST - Shoreline Energy Corp. : announced that it has entered into a purchase and sale agreement to sell its royalty interests in its Canadian land base to PrairieSky Royalty for total gross proceeds of $9 million. The Agreement contains customary closing conditions and the Transaction is expected to close in early August. Shoreline Energy Corp. shares T.SEQ are trading up $0.03 at $0.89.