Sunshine Oilsands ( (HK:2012) ) has shared an announcement.
Sunshine Oilsands Ltd. has announced the issuance of shares under a specific mandate to settle outstanding debts with creditors. The issuance involves 162,310,261 shares, representing a significant portion of the company’s share capital, and is subject to shareholder approval. The shares will be issued at a premium over recent trading prices, indicating a strategic move to strengthen the company’s financial position.
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 extraction and production of oil resources.
YTD Price Performance: -26.67%
Average Trading Volume: 150
Technical Sentiment Signal: Strong Buy
Current Market Cap: $13.81M
Learn more about 2012 stock on TipRanks’ Stock Analysis page.