Dec 17 (Reuters) - Shoreline Energy Corp SHGCF.PK :
* Announces failure to implement CCAA plan of arrangement
* Conditions precedent to completion of transactions contemplated by plan proposed under CCAA have not been satisfied
* As a result, co is unable to obtain a sanction order in order to implement the plan
* Says current stay of execution pursuant to CCAA expires on December 24, and the company does not intend to seek a further extension
* Board resolved to cause co to make assignment in bankruptcy pursuant to the Bankruptcy and Insolvency Act (Canada) on December 23
* Source text for Eikon
* Further company coverage SHGCF.PK