Clarification Announcement Conditional approval for listing on the Toronto Stock Exchange
Reference is made to the announcement dated 8 November 2012 in respect of Sunshine Oilsands Ltd. ("Sunshine") having obtained conditional approval to list on the Toronto Stock Exchange ("TSX").
The Board would like to clarify that the conditional approval was in relation to Sunshine's draft listing application to the TSX. A condition of the approval is for Sunshine to submit the approved draft listing application as a formal listing application to the TSX. In addition, the conditional approval requires the filing of other usual documentation including confirmation of appointment by Sunshine's transfer agent, copy of the applicable share certificate, a standard legal opinion, copies of material contracts as well as complying with the TSX's requirements in connection with stock options and disclosure matters.
At this time, the TSX listing will be a secondary listing and Sunshine will not raise additional funds in connection with the TSX listing as it is a listing by introduction.
Sunshine will issue an announcement once the TSX confirms satisfaction of its listing conditions and will then advise of the expected listing date.
By Order of the Board.
Michael John Hibberd
Co-Chairman
and
Songning Shen
Co-Chairman