Sunshine Oilsands Ltd. Announces Grant of Share Options

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Release: 2014-09-05 08:39

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Sunshine Oilsands Ltd (TSX:SUO) The board of directors 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

 

:

September 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.

SOURCE Sunshine Oilsands Ltd.


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