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Sunshine Oilsands ( (HK:2012) ) has provided an update.
Sunshine Oilsands Ltd. has announced a delay in sending a shareholder circular related to its proposed placing of up to 114.28 million shares under a specific mandate. The circular, which was originally expected to be dispatched by January 15, 2026 and includes details of the placing agreement and notice of a special general meeting, will now be sent on or before February 5, 2026 due to the need for additional time to prepare and incorporate certain information. The company cautioned that completion of the placing remains subject to the fulfillment of conditions precedent and may or may not proceed, and advised shareholders and potential investors to exercise caution when dealing in its shares.
The most recent analyst rating on (HK:2012) stock is a Sell 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 oil and gas company listed on the Hong Kong Stock Exchange, focused on developing its substantial oil sands leases in Canada’s Athabasca region. The company holds interests in about one million acres of oil sands, petroleum and natural gas leases and is currently concentrating on milestone undertakings at its West Ells project, which has an initial production target of 5,000 barrels of oil per day.
Average Trading Volume: 4,777,479
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$248.5M
For a thorough assessment of 2012 stock, go to TipRanks’ Stock Analysis page.