SunOpta has sold 4.5m common shares in an underwritten offering to a group of underwriters led by Canaccord Adams at a price to the public of US$10.40 per share.


The group of underwriters, which includes BMO Capital Markets, National Bank of Canada, Desjardins Securities and Octagon Capital Corporation, also have the option of purchasing an additional 675,000 shares at the same price for a period of 30 days after the offering for the purpose of covering the underwriters’ over-allotments.


Proceeds of the offering are expected to total in the region of $46.8m and will be used to repay debts.


The closing of the offering is expected to occur on or about 13 February subject to the satisfaction of customary closing conditions.

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