Shoreline Energy Fund Closes C$6MM Acquisition Of Western Canada Energy Ltd.

Closed acquisition of co. with assets in NW Alberta, gaining 188BOE/d.

Shoreline Energy Fund, a privately held, Toronto-based mutual fund, has closed its acquisition of Western Canada Energy Ltd., Calgary, (Toronto Venture: WCE) for C$6.08 million.

Western Canada Energy has oil and gas assets in the Peace River Arch area of northwest Alberta with production of 188 barrels of oil equivalent per day. The company has more than 17,000 net acres of undeveloped land.

Shoreline says it plans to complete and tie-in existing wells on the acquired properties, as well as begin development drilling.