Grant of Share Options

Source Press Release
Company Sunshine Oilsands Ltd. 
Tags Strategy - Corporate
Date September 09, 2019

The board of directors (the “Board”) of Sunshine Oilsands Ltd. (the “Corporation”) announces that share options (the “Options”) to acquire Class “A” common shares in the capital of the Corporation (the “Shares”) were granted by the Corporation to certain directors of the Corporation (the “Grantees”) under its share option scheme adopted on January 26, 2012, as amended on May 7, 2013 and June 13, 2013 (the “Share Option Scheme”), subject to acceptance by the Grantees, with details as follows

Date of grant: September 9, 2019 (Hong Kong time)
Number of Options granted: An aggregate of 10,000,000 Options in respect of 10,000,000 Shares
Exercise price of Options granted (Note 1) : HK$0.073 (approximately equivalent to CDN$0.012) (Note 1) per Share
Closing price of the Shares on the date of grant : HK$0.072
Validity period of the Options : Five (5) years

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