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An announcement from Sunshine Oilsands ( (HK:2012) ) is now available.
Sunshine Oilsands Ltd. has announced the issuance of shares under a specific mandate to settle debts with its creditors. The company will issue 140,000,000 shares at HK$0.43 per share, representing a significant portion of its share capital. This move is subject to shareholder approval and aims to strengthen the company’s financial position by addressing outstanding debts.
The most recent analyst rating on (HK:2012) stock is a Hold with a HK$0.50 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 corporation incorporated under the Business Corporation Act of the Province of Alberta, Canada. It operates in the oil sands industry, focusing on the exploration and development of oil sands resources.
Average Trading Volume: 3,097,408
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$262.8M
For an in-depth examination of 2012 stock, go to TipRanks’ Overview page.