Sunshine Oilsands Ltd. Poll Results of Annual and Special Meeting of Shareholders Held on May 7, 2013 (Hong Kong Time) and May

Sunshine Oilsands Ltd. Poll Results of Annual and Special Meeting of 
Shareholders Held on May 7, 2013 (Hong Kong Time) and May 6, 2013 (Calgary 
Time) 
HONG KONG, May 7, 2013 /CNW/ - Reference is made to the notice of the Annual 
General and Special Meeting (the "Meeting" of Sunshine Oilsands Ltd. (the 
"Corporation") dated March 27, 2013 (the "Notice"). 
The board of directors (the "Board") is pleased to announce that the 
resolutions (except for resolution 10 set out below), as set out in the 
Notice, were duly passed by the shareholders of the Corporation (the 
"Shareholders") by way of poll at the Meeting held on May 7, 2013 (Hong Kong 
time) and May 6, 2013 (Calgary time). Computershare Hong Kong Investor 
Services Limited, the Hong Kong share register of the Corporation, was 
appointed as the scrutineer for the vote-taking at the Meeting. 
The poll results in respect of all the resolutions proposed at the Meeting are 
set out below: 
Class A Common Voting Shares ("Shares") 
 _____________________________________________________________________
|                   |Number of Votes (%)              |               |
|                   |_________________________________|Total Voting   |
|Ordinary Resolution|              |                  |Rights present |
|                   |For           |Against           |at the Meeting |
|                   |              |                  |               |
|___________________|______________|__________________|_______________|
|1. To approve the  |              |                  |               |
|fixing the number  |1,446,898,695 |                  |               |
|of directors of the|(99.997858%)  |31,000 (0.002142%)|1,446,929,695  |
|Corporation at ten |              |                  |               |
|(10).              |              |                  |               |
|___________________|______________|__________________|_______________|
|The resolution was duly passed as an ordinary resolution.            |
|_____________________________________________________________________| 
 ____________________________________________________________________
|                   |Number of Votes (%)             |               |
|                   |________________________________|Total Voting   |
|Ordinary Resolution|              |Withhold from    |Rights present |
|                   |For           |voting           |at the Meeting |
|                   |              |                 |               |
|___________________|______________|_________________|_______________|
|2. To elect the following directors for the ensuing year:           |
|____________________________________________________________________|
|(a) Michael John   |1,360,262,045 |1,916,000        |1,362,178,045  |
|Hibberd            |(99.859343%)  |(0.140657%)      |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(b) Songning Shen  |1,360,728,045 |1,916,000        |1,362,644,045  |
|                   |(99.859391%)  |(0.140609%)      |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(c) Hok Ming Tseung|1,360,758,045 |1,886,000        |1,362,644,045  |
|                   |(99.861593%)  |(0.138407%)      |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(d) Tingan Liu     |1,446,928,695 |1,000 (0.000069%)|1,446,929,695  |
|                   |(99.999931%)  |                 |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(e) Haotian Li     |1,360,758,045 |1,886,000        |1,362,644,045  |
|                   |(99.861593%)  |(0.138407%)      |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(f) Gregory George |1,360,758,045 |1,886,000        |1,362,644,045  |
|Turnbull, QC       |(99.861593%)  |(0.138407%)      |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(g) Raymond Shengti|1,446,928,695 |1,000 (0.000069%)|1,446,929,695  |
|Fong               |(99.999931%)  |                 |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(h) Robert John    |1,446,928,695 |1,000 (0.000069%)|1,446,929,695  |
|Herdman            |(99.999931%)  |                 |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(i) Wazir Chand    |1,436,524,695 |10,405,000       |1,446,929,695  |
|Seth               |(99.280891%)  |(0.719109%)      |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________|
|(j) Gerald Franklin|1,436,524,695 |10,405,000       |1,446,929,695  |
|Stevenson          |(99.280891%)  |(0.719109%)      |               |
|___________________|______________|_________________|_______________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________| 
 _____________________________________________________________________
|                  |Number of Votes (%)             |                 |
|Ordinary          |________________________________|Total Voting     |
|Resolution        |              |                 |Rights present at|
|                  |For           |Against          |the Meeting      |
|                  |              |                 |                 |
|__________________|______________|_________________|_________________|
|3. To appoint     |              |                 |                 |
|Deloitte Touche   |              |                 |                 |
|LLP as auditors of|              |                 |                 |
|the Corporation   |              |                 |                 |
|for the ensuing   |1,446,928,695 |                 |                 |
|year and          |(99.999931%)  |1,000 (0.000069%)|1,446,929,695    |
|authorising the   |              |                 |                 |
|directors of the  |              |                 |                 |
|Corporation to fix|              |                 |                 |
|their remuneration|              |                 |                 |
|as such.          |              |                 |                 |
|__________________|______________|_________________|_________________|
|The resolution was duly passed as an ordinary resolution.            |
|_____________________________________________________________________| 
 ____________________________________________________________________
|                     |Number of Votes (%)       |                   |
|                     |__________________________|Total Voting Rights|
|Ordinary Resolution  |              |           |present at the     |
|                     |For           |Against    |Meeting            |
|                     |              |           |                   |
|_____________________|______________|___________|___________________|
|4. To approve certain|              |           |                   |
|amendments requested |              |           |                   |
|by the Toronto Stock |              |           |                   |
|Exchange to the share|              |           |                   |
|option scheme of the |              |           |                   |
|Corporation approved |              |           |                   |
|by the Shareholders  |1,352,090,045 |94,839,650 |1,446,929,695      |
|on January 26, 2012  |(93.445456%)  |(6.554544%)|                   |
|attached as Exhibit 1|              |           |                   |
|of Schedule C to the |              |           |                   |
|Management           |              |           |                   |
|Information Circular |              |           |                   |
|dated March 27, 2013 |              |           |                   |
|(the "Circular").    |              |           |                   |
|_____________________|______________|___________|___________________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________| 
 _______________________________________________________________
|                    |Number of Votes (%)       |               |
|                    |__________________________|Total Voting   |
|Ordinary Resolution |              |           |Rights present |
|                    |For           |Against    |at the Meeting |
|                    |              |           |               |
|____________________|______________|___________|_______________|
|5. To approve       |              |           |               |
|certain amendments  |              |           |               |
|to the Corporation's|              |           |               |
|Post IPO Share      |              |           |               |
|Option Scheme (as   |              |           |               |
|defined in the      |              |           |               |
|Circular) and Pre   |              |           |               |
|IPO Plan (as defined|              |           |               |
|in the Circular)    |              |           |               |
|with respect to     |              |           |               |
|automatically       |1,444,743,695 |2,186,000  |1,446,929,695  |
|extending the term  |(99.848921%)  |(0.151079%)|               |
|of stock options    |              |           |               |
|where such term     |              |           |               |
|expires within or   |              |           |               |
|immediately         |              |           |               |
|following a trading |              |           |               |
|blackout period, as |              |           |               |
|more particularly   |              |           |               |
|described in the    |              |           |               |
|accompanying        |              |           |               |
|Circular.           |              |           |               |
|____________________|______________|___________|_______________|
|The resolution was duly passed as an ordinary resolution.      |
|_______________________________________________________________| 
 _____________________________________________________________________
|                     |Number of Votes (%)        |                   |
|                     |___________________________|Total Voting Rights|
|Ordinary Resolution  |              |            |present at the     |
|                     |For           |Against     |Meeting            |
|                     |              |            |                   |
|_____________________|______________|____________|___________________|
|6. To approve the    |              |            |                   |
|refreshing of the ten|              |            |                   |
|percent (10%) mandate|1,338,176,774 |108,752,921 |                   |
|under the            |(92.483884%)  |(7.516116%) |1,446,929,695      |
|Corporation's Post   |              |            |                   |
|IPO Share Option     |              |            |                   |
|Scheme.              |              |            |                   |
|_____________________|______________|____________|___________________|
|The resolution was duly passed as an ordinary resolution.            |
|_____________________________________________________________________| 
 ____________________________________________________________________
|                     |Number of Votes (%)       |                   |
|                     |__________________________|Total Voting Rights|
|Ordinary Resolution  |              |           |present at the     |
|                     |For           |Against    |Meeting            |
|                     |              |           |                   |
|_____________________|______________|___________|___________________|
|7. To approve the    |              |           |                   |
|Corporation's        |              |           |                   |
|Employee Share       |              |           |                   |
|Savings Plan (the    |              |           |                   |
|"ESSP") and granting |              |           |                   |
|the board a specific |              |           |                   |
|mandate to allot and |              |           |                   |
|issue, pursuant to   |1,352,137,674 |94,792,021 |1,446,929,695      |
|the ESSP, a maximum  |(93.448747%)  |(6.551253%)|                   |
|number of new shares |              |           |                   |
|equal to one percent |              |           |                   |
|(1%) of the issued   |              |           |                   |
|and outstanding      |              |           |                   |
|shares as at the date|              |           |                   |
|of adoption of the   |              |           |                   |
|ESSP.                |              |           |                   |
|_____________________|______________|___________|___________________|
|The resolution was duly passed as an ordinary resolution.           |
|____________________________________________________________________| 
 _____________________________________________________________________
|                     |Number of Votes (%)        |                   |
|                     |___________________________|Total Voting Rights|
|Ordinary Resolution  |              |            |present at the     |
|                     |For           |Against     |Meeting            |
|                     |              |            |                   |
|_____________________|______________|____________|___________________|
|8. To approve a      |              |            |                   |
|proposal for the     |              |            |                   |
|Corporation to grant |              |            |                   |
|to the Board a       |              |            |                   |
|general mandate to   |1,348,804,645 |108,675,050 |                   |
|allot, issue and     |(92.543632%)  |(7.456368%) |1,457,479,695      |
|otherwise deal with  |              |            |                   |
|un issued Shares not |              |            |                   |
|exceeding twenty     |              |            |                   |
|percent (20%) of its |              |            |                   |
|issued share capital.|              |            |                   |
|_____________________|______________|____________|___________________|
|The resolution was duly passed as an ordinary resolution.            |
|_____________________________________________________________________| 
 _______________________________________________________________
|                  |Number of Votes (%)       |                 |
|Ordinary          |__________________________|Total Voting     |
|Resolution        |              |           |Rights present at|
|                  |For           |Against    |the Meeting      |
|                  |              |           |                 |
|__________________|______________|___________|_________________|
|9. To approve a   |              |           |                 |
|proposal for the  |              |           |                 |
|Corporation to    |              |           |                 |
|grant to the Board|              |           |                 |
|a general mandate |              |           |                 |
|to allot, issue   |              |           |                 |
|and otherwise deal|1,457,328,695 |151,000    |1,457,479,695    |
|with un issued    |(99.989640%)  |(0.010360%)|                 |
|Shares not        |              |           |                 |
|exceeding twenty  |              |           |                 |
|percent (20%) of  |              |           |                 |
|its issued share  |              |           |                 |
|                  |              |           |                 |
|capital.          |              |           |                 |
|__________________|______________|___________|_________________|
|The resolution was duly passed as an ordinary resolution.      |
|_______________________________________________________________| 
 _____________________________________________________________________
|                     |Number of Votes (%)        |                   |
|                     |___________________________|Total Voting Rights|
|Special Resolution   |            |              |present at the     |
|                     |For         |Against       |Meeting            |
|                     |            |              |                   |
|_____________________|____________|______________|___________________|
|10. To approve a     |            |              |                   |
|consolidation of the |            |              |                   |
|Corporation's Shares,|            |              |                   |
|Class G Shares and   |            |              |                   |
|Class H Shares, on   |            |              |                   |
|the basis of one (1) |281,119,500 |1,165,810,195 |1,446,929,695      |
|post consolidation   |(19.428691%)|(80.571309%)  |                   |
|share of each        |            |              |                   |
|respective class for |            |              |                   |
|every ten (10) pre   |            |              |                   |
|consolidation shares |            |              |                   |
|of the same class.   |            |              |                   |
|_____________________|____________|______________|___________________| 
Class G Shares 
 ___________________________________________________________________
|                     |Number of Votes (%)      |                   |
|                     |_________________________|Total Voting Rights|
|Special Resolution   |                 |       |present at the     |
|                     |For              |Against|Meeting            |
|                     |                 |       |                   |
|_____________________|_________________|_______|___________________|
|10. To approve a     |                 |       |                   |
|consolidation of the |                 |       |                   |
|Corporation's Shares,|                 |       |                   |
|Class G Shares and   |                 |       |                   |
|Class H Shares, on   |                 |       |                   |
|the basis of one (1) |32,850,000 (100%)|0 (0%) |32,850,000         |
|post consolidation   |                 |       |                   |
|share of each        |                 |       |                   |
|respective class for |                 |       |                   |
|every ten (10) pre   |                 |       |                   |
|consolidation shares |                 |       |                   |
|of the same class.   |                 |       |                   |
|_____________________|_________________|_______|___________________| 
Class H Shares 
 _____________________________________________________________________
|                     |Number of Votes (%)     |                      |
|Special Resolution   |________________________|Total Voting Rights   |
|                     |For   |Against          |present at the Meeting|
|                     |      |                 |                      |
|_____________________|______|_________________|______________________|
|10. To approve a     |      |                 |                      |
|consolidation of the |      |                 |                      |
|Corporation's Shares,|      |                 |                      |
|Class G Shares and   |      |                 |                      |
|Class H Shares, on   |      |                 |                      |
|the basis of one (1) |0 (0%)|15,000,000 (100%)|15,000,000            |
|post consolidation   |      |                 |                      |
|share of each        |      |                 |                      |
|respective class for |      |                 |                      |
|every ten (10) pre   |      |                 |                      |
|consolidation shares |      |                 |                      |
|of the same class.   |      |                 |                      |
|_____________________|______|_________________|______________________| 
The proposed special resolution regarding the consolidation of the 
Corporation's Shares, Class G Shares and Class H Shares, on the basis of one 
(1) post consolidation share of each respective class for every ten (10) pre 
consolidation shares of the same class was not passed at the Meeting. 
The Board will consider a share consolidation at a future date when conditions 
are appropriate. 
Please refer to the Management Information Circular dated March 27, 2013 for 
the full text of these resolutions. 
As at March 28, 2013 which is the record date for determination of the 
Shareholders who are entitled to receive the notice of, and to attend and vote 
at the Meeting, the total number of shares of the Corporation was 
2,870,338,161 Shares, 58,890,000 Class G Shares and 22,200,000 Class H Shares, 
which was the total number of shares entitling the holders to attend and vote 
for or against the resolutions proposed at the Meeting.  There were no 
restrictions on the holders of the Shares to attend and vote for or against 
the resolutions proposed at the Meeting.  There were no Shares entitling the 
Shareholders to attend and abstain from voting in favour of any of the 
proposed resolutions at the Meeting resolutions as set out in Rule 13.40 of 
the Rules Governing the Listing of Securities on The Stock Exchange of Hong 
Kong Limited (the "Listing Rules").  No Shareholder was required under the 
Listing Rules to abstain from voting for approving the resolutions proposed at 
the Meeting.  No parties were indicated in the Circular that they intended to 
vote against or to abstain from voting on any resolutions at the Meeting. 
ABOUT SUNSHINE OILSANDS LTD. 
Sunshine Oilsands Ltd. ("Sunshine") (HKEX: 2012; TSX: SUO) is one of the 
largest non-partnered holders of oil sands leases by area in the Athabasca oil 
sands region, which is located in the province of Alberta, Canada. Since the 
Company's incorporation on 22 February 2007, Sunshine has secured over one 
million acres of oil sands leases (equal to approximately 7% of all granted 
leases in this area). 
The Company's principal operations are the exploration, development and 
production of its diverse portfolio of oil sands leases. Its principal 
operating regions in the Athabasca area are at West Ells, Thickwood, Legend 
Lake, Harper, Muskwa, Goffer, Pelican and Portage. Sunshine's oil sands leases 
are grouped into three main asset categories: clastics, carbonates and 
conventional heavy oil. 
Sunshine Oilsands Ltd., Mr. John Zahary, President & CEO; Mr. David Sealock, 
Executive VP, Corporate Operations, (1) 403 984 1446, 
investorrelations@sunshineoilsands.com 
http://www.sunshineoilsands.com 
SOURCE: Sunshine Oilsands Ltd. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/May2013/07/c4354.html 
CO: Sunshine Oilsands Ltd.
NI: OIL UTI  
-0- May/07/2013 15:58 GMT
 
 
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