Sunshine Oilsands (Sunshine Oilsands) Expects HK$6.99 Million from Share Subscription; 73% Allocated to Bond Repayment

Bulletin Express

Sep 28

Sunshine Oilsands Ltd has issued a supplemental announcement detailing the financial impact of its planned share subscription under the existing general mandate announced on 23 September 2026.

The company anticipates no material transaction expenses, projecting both gross and net proceeds of approximately HK$6.99 million (about CAD 1.25 million). Management intends to deploy the funds within 15 days of completion.

Planned allocation of proceeds: • Bond repayment: HK$5.13 million, or 73.3% of the total, will be used to settle a US$657,298.55 bond owed to independent third-party investor Ms. Chu Wai Man. This bond is currently subject to a winding-up petition filed on 5 August 2026. • Operating expenses: HK$0.98 million (14.0%) is earmarked for mineral and surface lease operating costs. • Legal fees: HK$0.89 million (12.7%) will cover general working-capital legal expenses.

All other information in the original 23 September announcement remains unchanged, according to the board chaired by Executive Chairman Mr. Kwok Ping Sun.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/1197107387"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1197107387\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1197107387?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-09-28 22:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1197107387","market":"hk","top_or_hot":-1,"title":"Sunshine Oilsands (Sunshine Oilsands) Expects HK$6.99 Million from Share Subscription; 73% Allocated to Bond Repayment","media":"Bulletin Express","content":"<p>Sunshine Oilsands Ltd has issued a supplemental announcement detailing the financial impact of its planned share subscription under the existing general mandate announced on 23 September 2026.</p>\n<p>The company anticipates no material transaction expenses, projecting both gross and net proceeds of approximately HK$6.99 million (about CAD 1.25 million). Management intends to deploy the funds within 15 days of completion.</p>\n<p>Planned allocation of proceeds:  \n• Bond repayment: HK$5.13 million, or 73.3% of the total, will be used to settle a US$657,298.55 bond owed to independent third-party investor Ms. Chu Wai Man. This bond is currently subject to a winding-up petition filed on 5 August 2026.  \n• Operating expenses: HK$0.98 million (14.0%) is earmarked for mineral and surface lease operating costs.  \n• Legal fees: HK$0.89 million (12.7%) will cover general working-capital legal expenses.</p>\n<p>All other information in the original 23 September announcement remains unchanged, according to the board chaired by Executive Chairman Mr. Kwok Ping Sun.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sunshine Oilsands (Sunshine Oilsands) Expects HK$6.99 Million from Share Subscription; 73% Allocated to Bond Repayment</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSunshine Oilsands (Sunshine Oilsands) Expects HK$6.99 Million from Share Subscription; 73% Allocated to Bond Repayment\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2026-09-28 22:42</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Sunshine Oilsands Ltd has issued a supplemental announcement detailing the financial impact of its planned share subscription under the existing general mandate announced on 23 September 2026.</p>\n<p>The company anticipates no material transaction expenses, projecting both gross and net proceeds of approximately HK$6.99 million (about CAD 1.25 million). Management intends to deploy the funds within 15 days of completion.</p>\n<p>Planned allocation of proceeds:  \n• Bond repayment: HK$5.13 million, or 73.3% of the total, will be used to settle a US$657,298.55 bond owed to independent third-party investor Ms. Chu Wai Man. This bond is currently subject to a winding-up petition filed on 5 August 2026.  \n• Operating expenses: HK$0.98 million (14.0%) is earmarked for mineral and surface lease operating costs.  \n• Legal fees: HK$0.89 million (12.7%) will cover general working-capital legal expenses.</p>\n<p>All other information in the original 23 September announcement remains unchanged, according to the board chaired by Executive Chairman Mr. Kwok Ping Sun.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"02012","symbol_name":"阳光油砂","start_time":0,"source_url":"","article_id":"1197107387","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1197107387","pubTimestamp":1790606542,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"Sunshine Oilsands Ltd has issued a supplemental announcement detailing the financial impact of its planned share subscription under the existing general mandate announced on 23 September 2026. The...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"02012":"阳光油砂"},"translate_title":"阳光油砂（阳光油砂）预计股份认购将获得699万港元；73% 分配给债券偿还","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02012":1},"content_text":"Sunshine Oilsands Ltd has issued a supplemental announcement detailing the financial impact of its planned share subscription under the existing general mandate announced on 23 September 2026.\nThe company anticipates no material transaction expenses, projecting both gross and net proceeds of approximately HK$6.99 million (about CAD 1.25 million). Management intends to deploy the funds within 15 days of completion.\nPlanned allocation of proceeds:  \n• Bond repayment: HK$5.13 million, or 73.3% of the total, will be used to settle a US$657,298.55 bond owed to independent third-party investor Ms. Chu Wai Man. This bond is currently subject to a winding-up petition filed on 5 August 2026.  \n• Operating expenses: HK$0.98 million (14.0%) is earmarked for mineral and surface lease operating costs.  \n• Legal fees: HK$0.89 million (12.7%) will cover general working-capital legal expenses.\nAll other information in the original 23 September announcement remains unchanged, according to the board chaired by Executive Chairman Mr. Kwok Ping Sun.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"0","news_tag":"shareholding,SGX","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}