SunOpta Inc. (Nasdaq: STKL; TSX: SOY) is has agreed to sell 4,500,000 common shares in an underwritten offering to a group of underwriters led by Canaccord Adams in the US and Canada and including, in Canada, BMO Capital Markets, National Bank of Canada, Desjardins Securities Inc., and Octagon Capital Corporation. The price to the public will US$10.40 per share.
Gross proceeds of the offering are expected to be approximately US$46.8 million and will be used to repay outstanding indebtedness. The closing of the offering is expected to occur on or about February 13, 2007, subject to the satisfaction of customary closing conditions.
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