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Sunshine Oilsands ( (HK:2012) ) has shared an announcement.
Sunshine Oilsands has entered into a supplemental agreement with Nobao Energy Holding (China) Company Limited to extend the closing date for issuing 56,983,240 new shares under a specific mandate, which will be used to fully settle the consideration owed under an existing equity agreement. The closing date, previously set for 31 December 2025, has been pushed back to 30 June 2026, or a later date if mutually agreed, while all other terms of the equity agreement remain unchanged, indicating the parties’ continued commitment to completing the share-based settlement despite procedural delays.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.48 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 Canadian oil and gas company incorporated in Alberta that focuses on the exploration and development of oil sands assets. The company is listed on the Hong Kong Stock Exchange under the ticker 2012, giving it access to Asian capital markets for funding its upstream operations.
Average Trading Volume: 4,716,007
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$237.1M
Learn more about 2012 stock on TipRanks’ Stock Analysis page.