Sunshine Oilsands Ltd. is committed to providing our investors and the public with timely and accurate information regarding our business and operating activies.
June 1, 2015
Proposed issue of new shares under specific mandate and connected transaction involving subscription of new shares by connected persons
Subscription Agreements
On May 31, 2015, the Corporation entered into the Subscription Agreements with each of the Subscribers pursuant to which the Subscribers have conditionally agreed to subscribe, and the Corporation has conditionally agreed to allot and issue, an aggregate of 524,734,210 Subscription Shares at the Subscription Price of HK$0.75 (approximately CDN$0.12) per Subscription Share for an aggregate cash consideration of HK$393,550,657.50. The Subscribers include certain Directors (including certain INEDs) and employees of the Corporation.