Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Sunshine Oilsands ( (HK:2012) ) has provided an update.
Sunshine Oilsands Ltd. has announced a further delay in sending a shareholder circular related to a proposed connected transaction involving the subscription of convertible bonds under a specific mandate. The circular, which will set out details of the subscription, the specific mandate, related board and adviser recommendations, and the notice of a special general meeting, is now expected to be dispatched on or before 27 February 2026, later than the previously indicated deadline of 30 January 2026. The company cautioned that completion of the transaction remains subject to fulfilling certain conditions precedent and may or may not proceed, advising shareholders and potential investors to exercise prudence when dealing in its shares.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.39 price target. To see the full list of analyst forecasts on Sunshine Oilsands stock, see the HK:2012 Stock Forecast page.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a Calgary-based public company listed on the Hong Kong Stock Exchange, focused on developing its extensive oil sands, petroleum and natural gas leases in Canada’s Athabasca oil sands region. The company holds interests in about one million acres of leases and is currently concentrating on milestone development of its West Ells project, which targets initial production of 5,000 barrels of oil per day.
Average Trading Volume: 5,192,508
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$231.4M
Find detailed analytics on 2012 stock on TipRanks’ Stock Analysis page.