Grant of Share Option
This announcement is made pursuant to Rule 17.06A of the Rules (the “Listing Rules”) Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the “Stock Exchange”).
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:
The grant of Options to the Grantees has been approved by the Board of directors of the Corporation, including all of the independent non-executive directors of the Corporation in accordance with Rule 17.04(1) of the Listing Rules and the rules of the Share Option Scheme. Each of Yi (David) He and Guangzhong Xing has abstained from voting in relation to the grant of Options to themselves.
Other than listed above, none of the Grantees is a substantial shareholder, chief executive or director of the Corporation, or an associate (as defined under the Listing Rules) of any of them.