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Announcements

Sunshine Oilsands Ltd. is committed to providing our investors and the public with timely and accurate information regarding our business and operating activies.
September 5, 2014

Grant of share options

The board of directors of Sunshine Oilsands Ltd. (the “Corporation”) announces that share options to acquire shares in the capital of the Corporation were granted by the Corporation to certain officers, employees and consultants under its share option scheme adopted on January 26, 2012 and amended on May 7, 2013, subject to acceptance by these certain parties, with details as follows:

 

Date of grant : Sept. 4, 2014 (Calgary and Hong Kong)
     
Number of Shares in respect of which the Share Options were granted : 54,977,648
     
Exercise price of Share Options granted (Note 1) : CDN$ 0.135 (HK$ 0.963 equivalent) per share
     
Closing price of the Shares on September 4 , 2014 : HK$ 0.94 per share
     
Validity period of the Share Options : Five (5) years

 

Note 1: Options were priced in Canadian dollars and the Hong Kong dollar price is based on the Bank of Canada noon exchange rate on the date of grant.

No substantial shareholder, chief executive, director or associate (as defined under the Listing Rules) of any of them were granted Share Options.

 

By Order of the Board.
Michael John Hibberd
Executive Chairman