Business
SunOpta announces US$47.25 million common share financing
SunOpta announces US$47.25 million common share financing.
About this update from Sunopta Inc.
[{"type":"text","content":"\n\n\n\nTORONTO, Jan. 31 /CNW/ - SunOpta Inc. (Nasdaq - STKL; TSX - SOY) is\npleased to announce that has agreed to sell 4,500,000 common shares in an\nunderwritten offering to group of underwriters led by Canaccord Adams in the\nUnited States and Canada and including, in Canada, BMO Capital Markets,\nNational Bank of Canada, Desjardins Securities Inc., and Octagon Capital\nCorporation. The price to the public will US$10.40 per share. In addition, the\nunderwriters have an option to purchase an additional 675,000 common shares at\nthe same price, exercisable in whole or in part at the sole discretion of the\nunderwriters for a period of 30 days from the closing of the offering, for the\npurpose of covering the underwriters' over-allotments.\n\n\nGross proceeds of the offering are expected to be approximately\nUS$46.8 million and will be used to repay outstanding indebtedness. The\nclosing of the offering is expected to occur on or about February 13, 2007,\nsubject to the satisfaction of customary closing conditions.\n\n\nCanaccord Adams is acting as lead manager of the offering in the United\nStates and Canaccord Capital Corporation d/b/a Canaccord Adams is acting as\nlead manager of the offering in Canada.\n\n\nIn the United States, a shelf registration statement relating to these\nsecurities was filed with the United States Securities and Exchange Commission\nand has become effective. This offering is being conducted pursuant to a\nprospectus supplement to the base shelf prospectus contained in the shelf\nregistration statement. The offering in Canada will be qualified under a short\nform prospectus filed in accordance with the provisions of National Instrument\n44-101 - Short Forom Prospectus Distributions. Copies of the final prospectus\nsupplement and accompanying prospectus may be obtained from Canaccord Adams\nInc., 99 High Street, Boston, Massachusetts 02110. Copies of the Canadian\nShort Form Prospectus may be obtained from Canaccord Capital Corporation d/b/a\nCanaccord Adams, 161 Bay Street, Suite 2900, P.O. Box 516, Toronto, Ontario\nM5J IH2.\n\n\nThis press release does not and shall not constitute an offer to sell or\nthe solicitation of an offer to buy SunOpta's common shares, nor shall there\nbe any sale of the common shares in any state or jurisdiction in which such an\noffer, solicitation or sale would be unlawf...