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Sunshine Oilsands Ltd (2012.HK)

2012.HK on Hong Kong Stock

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28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Sunshine Oilsands announces issue of shares for settlement of indebtness
Wednesday, 5 Apr 2017 07:00am EDT 

Sunshine Oilsands Ltd <2012.HK> : Corporation entered into a debt settlement agreement with creditor a, being an independent third party and a creditor to corporation . Corporation will allot and issue relevant shares to creditor a as full and final settlement of partial debt. . Issue price is HK$0.241 Source (http://bit.ly/2oBhzLC) Further company coverage: [2012.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Sunshine Oilsands and forbearing holders confirm signing of forbearance reinstatement agreement
Monday, 20 Mar 2017 08:09pm EDT 

Sunshine Oilsands Ltd <2012.HK> : Company and forbearing holders confirmed signing of forbearance reinstatement agreement and a note exchange agreement . Principal payment terms of FRA include payment of 20 pct of yield maintenance premium originally due on August 1, 2016 by cash . Company agreed to repay bond principal of approximately USD11.2 million by issuance of shares . Payment terms of fra includes 80 pct of YMP will be repaid on august 1, 2017 as bond matures .Board believes fra and nea will provide company with additional time to repay or refinance indebtedness owed by company to noteholders.  Full Article

Sunshine Oilsands updates on West Ells Phase II project expansion
Sunday, 19 Mar 2017 07:02pm EDT 

Sunshine Oilsands Ltd <2012.HK> : Corporation and China Petroleum Engineering & Construction Corporation (CPECC) have signed a memorandum of understanding . Total capital required for completion of phase II is expected to be approximately USD50M . MOU in relation to West Ells Phase II project expansion .Average production costs per barrel is expected to be significantly reduced after phase ii expansion.  Full Article

Sunshine Oilsands updates on placing agreement
Thursday, 16 Mar 2017 07:18am EDT 

Sunshine Oilsands Ltd <2012.HK> : Corporation entered into a placing agreement with China Industrial Securities International Capital Limited . Maximum gross proceeds to be raised from placing will be HK$ 70 million .Corporation to place, through CISC, on a best efforts basis, up to 247.4 million common shares of company at a price of HK$0.283 per share.  Full Article

Sunshine Oilsands says terminates MOU for potential acquisition of 51 pct stake in Nobao Energy
Thursday, 16 Feb 2017 04:45am EST 

Sunshine Oilsands Ltd <2012.HK> :MOU for potential acquisition of 51 pct interest in Nobao Energy Holding was terminated.  Full Article

Sunshine Oilsands Ltd says appointment of Chief Financial Officer
Sunday, 20 Dec 2015 06:42pm EST 

Sunshine Oilsands Ltd:Qiping Men has been appointed as the Chief Financial Officer of the Corporation with effect from December 18, 2015.  Full Article

Sunshine announces closing of private placement under general mandate
Monday, 30 Nov 2015 05:32am EST 

Sunshine:Says that it has completed the closing of private placement of 78,125,000 Common Shares at a price of HK $0.64 per Common Share (about C$0.11 per Common Share), for gross proceeds of HK $50,000,000 (about C$8,585,017).Placement expenses are estimated to be about HK $1,700,000 (about C$291,891).  Full Article

Sunshine Oilsands Ltd announces Closing of Private Placement Under General Mandate
Monday, 23 Nov 2015 06:47am EST 

Sunshine Oilsands Ltd:Completed the closing of 36,912,000 Common Shares at a price of HK $0.63 per Common Share (about C$0.11 per Common Share).for gross proceeds of HK $23,254,560 (about C$3,982,286). Placement expenses are estimated to be about HK $700,000 (about C$119,873).  Full Article

Sunshine Oilsands Ltd announces private placement of HK$155.0 mln of common shares
Sunday, 12 Jul 2015 08:21pm EDT 

Sunshine Oilsands Ltd:Says private placement of hk$ 155,028,000 million of common shares under the general mandate to grand east wealth investment co., ltd. and city legend group limited.Says aggregate number of common shares to be issued to grand east and city legend represent about 6.51% of existing issued common shares.Subscription price hk$0.61 per common share.Completion of the Placements will take place on Aug. 25.Intends to apply the net proceeds from the Placements (for general working capital of the Group and as funds for future development of the existing business of the Group, including funding the development and operation costs of the West Ells project.  Full Article

Sunshine Oilsands Ltd announces proposed issue of new shares under specific mandate and connected transaction involving subscription of new shares
Sunday, 31 May 2015 08:21pm EDT 

Sunshine Oilsands Ltd:Enters into subscription agreements with each of subscribers pursuant to which subscribers have conditionally agreed to subscribe, and the company has conditionally agreed to allot and issue.Aggregate of 524,734,210 subscription shares at subscription price of HK$0.75 (about C$0.12) per subscription share for aggregate cash consideration of HK$393,550,657.50.Says subscribers include certain directors (including certain INEDs) and employees of the company.Aggregate gross proceeds from subscriptions are expected to be HK$393,550,657.50 (about C$63,269,775.49).Says that after deducting related fees and expenses, aggregate net proceeds from subscriptions are expected to be about HK$391,612,282.50 (about C$62,958,149.66).Intends to apply the net proceeds from subscriptions (i) for general working capital of the company and (ii) as funds for future development of the existing business of the company, including funding the development and operation costs of West Ells project.  Full Article

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