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Sunshine Oilsands Signs Supply Framework Deal With Guangdong Shouren

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-- Sunshine Oilsands (HKG:2012) entered into a non-binding cooperation framework agreement with Guangdong Shouren Supply Chain Management, according to a Monday Hong Kong bourse filing.

Under the agreement, the company will supply crude oil and bitumen.

At the same time, Guangdong Shouren will prioritize procurement from Sunshine Oilsands, with an annual volume of at least 500,000 tonnes over a three-year term, the filing showed.

The parties will negotiate pricing terms separately, and the agreement does not create legally binding obligations.

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