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Sunshine Oilsands ( (HK:2012) ) has provided an update.
Sunshine Oilsands Ltd. has announced the issuance of shares under a general mandate to settle a debt with a creditor. The shares will be issued at HK$0.64, representing a slight discount on the average closing price. This issuance will account for approximately 17.60% of the existing share capital and about 14.97% of the total enlarged issued share capital following completion. The move is part of a settlement agreement and does not require shareholder approval, although the issuance is subject to certain conditions.
More about Sunshine Oilsands
Sunshine Oilsands Ltd. is a corporation incorporated under the Business Corporation Act of the Province of Alberta, Canada, with limited liability. It is listed on the Hong Kong Stock Exchange (HKEX: 2012) and operates in the oil sands industry.
Average Trading Volume: 2,593,965
Technical Sentiment Signal: Hold
Current Market Cap: HK$238.6M
For detailed information about 2012 stock, go to TipRanks’ Stock Analysis page.