Core Viewpoint - Sunshine Oil Sands (02012) has entered into debt-to-equity swap agreements with creditors to settle outstanding debts through the issuance of shares at a price of HKD 0.43 per share, which is the closing price on October 22, 2025 [1] Group 1: Debt-to-Equity Swap Agreement - The company has signed debt-to-equity swap agreements with creditors including Lianchuang Green Energy, Xinghua, Hong Kong Best Power, and Yeshiyuan [1] - A total of 140 million shares will be issued, representing approximately 24.50% of the company's existing issued share capital of 571 million shares and about 19.68% of the enlarged issued share capital post-issuance [1] Group 2: Financial Implications - The total debt owed to creditors amounts to HKD 60.2 million (approximately CAD 10.86 million), which will be settled through the issuance of the 140 million shares [1] - The board believes that settling debts through share issuance will not result in significant cash outflow and will reduce the company's liabilities, making the terms of the debt-to-equity swap fair and reasonable [1]
阳光油砂(02012)与债权人订立债转股协议 将发行1.4亿股相关股份