Toronto-based SunOpta has completed its public offering of common shares, raising US$53.8m.

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A total of 5.175m shares were offered at $10.40 per share, the company revealed.


“We are very pleased with the support we have received from both our existing shareholders and new investors” remarked Steve Bromley, president and CEO. “The offering was oversubscribed and sold to a broad range of institutional and retail investors in the United States, Canada and Europe”.


Net proceeds from the offering will be used to repay outstanding debts and for general corporate purposes, including acquisitions, internal expansion and working capital requirements, the company said.


“With the proceeds of the offering, we believe SunOpta is well-positioned for continued growth over the next few years,” chairman Jeremy Kendall added.

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