Sunshine Oilsands Ltd. Announces Grant of Share Options
CALGARY, Alberta and HONG KONG, Sept. 5, 2014 /CNW/ -- This announcement is made pursuant to Rule 17.06A of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules").
The board of directors of Sunshine Oilsands Ltd. (the "Corporation")(HKEX: 2012, TSX: SUO) 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
| : | 54,977,648 |
| Exercise price of Share Options granted
| : | 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.
Contact
Mr. Michael Hibberd, Executive Chairman, (1) 403 984 1440, investorrelations@sunshineoilsands.com