Reference is made to (i) the announcement and the circular of Sunshine Oilsands Ltd. dated October 16, 2020 (Hong Kong time) and February 3, 2021 respectively relating to, among others, the Proposed Conversion of CB in full by the Subscriber and the application for Whitewash Waiver; (ii) the Company's announcement dated February 8, 2021 and the circular dated March 1, 2021, in relation to, among others, the interest waiver agreement entered into between the Forbearing Noteholders and the Company and (iii) the announcement dated March 5, 2021 in relation to, among others, the poll results of the SGM of the Company held on March 5, 2021 (Hong Kong time).
Unless the context requires otherwise, terms used herein shall have the same meanings as those defined in the Original Circular and the Supplemental Circular.
COMPLETION OF CONVERSION OF CONVERTIBLE BONDS BY CONNECTED PERSON
The Board is pleased to announce that all the conditions in relation to the Conversion as prescribed in the Subscription Agreement have been fulfilled and Completion took place on April 7, 2021 (Hong Kong time) accordingly.
Upon Completion, 113,924,051 Conversion Shares have been duly allotted and issued by the Company to the Subscriber pursuant to the Subscription Agreement.
The Directors jointly and severally accept full responsibility for the accuracy of the information contained in this announcement and confirm, having made all reasonable enquiries, that to the best of their knowledge, opinions expressed in this announcement have been arrived at after due and careful consideration and there are no other facts not contained in this announcement, the omission of which would make any statement in this announcement misleading.
Sun Kwok Ping
Tel: 1 (403) 984-1450
Fax: 1 (403) 455-7674
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