SunOpta Completes $53.8 M Offering

Toronto, Ontario [] SunOpta Inc. completed its previously announced public offering of common shares for aggregate gross proceeds of approximately US$53.8 million. The offering was completed on an underwritten basis through underwriters led by Canaccord Adams Inc. (U.S.) and, in Canada, Canaccord Capital Corporation and five others. The proceeds are expected to repay outstanding indebtedness and future acquisitions, internal expansion projects and working capital requirements. SunOpta Inc. is an operator of high-growth ethical businesses, one of which is the SunOpta BioProcess Group (soon to become SunOpta BioProcess Inc.), which engineers and markets proprietary steam explosion technology systems for the pulp, biofuel and food processing industries.
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