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Sunshine Oilsands ( (HK:2012) ) just unveiled an announcement.
Sunshine Oilsands Ltd., the Calgary-based oil sands developer listed in Hong Kong, has delayed a special shareholders’ meeting originally set for March 27 in Hong Kong to a later date yet to be announced. The meeting was to consider adoption of a share award scheme, and the venue will remain unchanged despite the postponement.
In conjunction with the delay, the company has cancelled the previously designated record date that determined which shareholders were eligible to vote on the resolutions. Sunshine said it will issue further announcements once the new meeting date and record date are set, extending the timeline for investors to review the proposed share-based incentive plan.
The most recent analyst rating on (HK:2012) stock is a Sell with a HK$0.35 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 large oil sands holdings 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 development of its West Ells project, which has an initial production target of 5,000 barrels per day.
Average Trading Volume: 3,579,075
Technical Sentiment Signal: Sell
Current Market Cap: HK$222.8M
For detailed information about 2012 stock, go to TipRanks’ Stock Analysis page.