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Sunshine Oilsands ( (HK:2012) ) has provided an announcement.
Sunshine Oilsands Ltd. has announced a further delay in sending to shareholders a key circular relating to its planned acquisition of a 51% equity interest in a target company, a deal structured as a disclosable and connected transaction involving the issuance of consideration shares under a specific mandate. The circular, which will include detailed information on the acquisition, independent recommendations and financial disclosures, was originally expected by mid-January 2026 but will now be dispatched on or before February 5, 2026 due to the need for additional preparation time, and the company has cautioned investors that completion of the transaction remains subject to outstanding conditions and may not proceed.
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 corporation listed on the Hong Kong Stock Exchange, focused on developing its large portfolio of oil sands, petroleum and natural gas leases in Canada’s Athabasca oil sands region. The company holds interests in approximately one million acres of leases and is currently concentrating on milestone developments at its West Ells project area, which targets initial production 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 detailed information about 2012 stock, go to TipRanks’ Stock Analysis page.