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Sunshine Oilsands closes private placement under general mandate


Published Nov 24, 2015
Sunshine Oilsands Ltd.

Sunshine Oilsands (a corporation incorporated under the Business Corporations Act of the Province of Alberta, Canada with limited liability) wishes to announce the following:

Closing of Private Placement under General Mandate

Sunshine has completed the closing of 36,912,000 Common Shares at a price of HK $0.63 per Common Share (approximately CDN $0.11 per Common Share), for gross proceeds of HK $23,254,560 (approximately CDN $3,982,286). Placement expenses are estimated to be approximately HK $700,000 (approximately CDN $119,873).

Tags: Sunshine Oilsands Ltd.




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