Sunshine Oilsands Ltd. has announced plans to issue shares under a specific mandate, with the intention to apply the entire net proceeds from the placement for general working capital purposes. The company stated that these funds will be used to support ongoing development, existing operations, and potential business exploration activities. The estimated fund allocation and timeline for utilization have been outlined, though the company noted that these are rough estimates due to uncertainties in repair and maintenance costs. Sunshine Oilsands Ltd. also emphasized that the completion of the share issuance is subject to certain conditions precedent and may or may not proceed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunshine Oilsands Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260202-12009533), on February 02, 2026, and is solely responsible for the information contained therein.