This news is classified in: Traditional Energy Oil and Gas
Jun 11, 2017
The Board of Directors of Sunshine Oilsands Ltd. ("the Corporation" or "Sunshine") (HKSE:2012) hereby announces the following:
INCREASE IN SHAREHOLDING IN THE COMPANY BY NON-EXECUTIVE VICE CHAIRMAN
The Corporation was informed by Mr. Michael John Hibberd ("Mr. Hibberd"), the non-executive director and vice chairman of the board of directors (the "Board") of the corporation, that on June 9, 2017, Mr. Hibberd acquired a total of 200,000 shares of the corporation through on-market purchase for an aggregate consideration of HK$57,000.
Mr. Hibberd is confident about the future prospects of Sunshine and the oil industry and believes that there will be continued growth and development of the corporation. Mr. Hibberd does not rule out the possibility of further increasing his shareholding in Sunshine as he feels appropriate in the future, subject to compliance with applicable legal and regulatory requirements. As a result of the acquisition, Mr. Hibberd holds 103,574,685 shares in the Company, representing approximately 1.86% of the issued share capital of the Company.
