CALGARY, Dec. 3, 2015 /PRNewswire/ – Canadian Oil Sands Limited (TSX: COS)(OTCQX: COSWF) (“COS” or “Canadian Oil Sands”) advises shareholders to take no action on Suncor Energy Inc.'s (“Suncor”) altered hostile bid, which simply extends the expiry from December 4, 2015 to January 8, 2016.
“Extending the expiry of Suncor's bid does not change the fact that it is substantially undervalued and opportunistic,” said Donald Lowry, Chairman of Canadian Oil Sands. “Nothing else has changed so, as it stands, there is more value for shareholders in a strong, independent COS than there is in this offer. Our Board will continue to pursue full and fair value for all shareholders now that the decision by the Alberta Securities Commission has leveled the playing field between Suncor and other interested parties.”
Shareholders are reminded of the facts about Suncor's undervalued, opportunistic and exploitive bid:
To REJECT the Suncor bid, simply TAKE NO ACTION.
DO NOT tender your shares of Canadian Oil Sands Limited.
For further information, please visit our website at www.rejectsuncor.ca or contact our information agent, Kingsdale Shareholder Services at 1-866-851-3215 or contactus@kingsdaleshareholder.com
How to Withdraw Tendered Shares:
Shareholders with questions about the offer or who have tendered their COS shares to the Suncor offer and wish to withdraw them can do so by contacting their broker or COS' information agent and advisor, Kingsdale Shareholder Services at 1-866-851-3215 or contactus@kingsdaleshareholder.com.
Ticker Symbols
Toronto Stock Exchange: COS
OTCQX: COSWF
Canadian Oil Sands Limited
COS holds a 36.74 percent interest in the Syncrude project, the largest producer of light, sweet synthetic oil from Canada's oil sands. As a pure play in Syncrude, COS provides investors with long-life, light crude oil exposure and since 2001 has paid dividends totaling $7.9 billion.
For more information please visit www.rejectsuncor.ca
SOURCE Canadian Oil Sands Limited