Rogers Sugar Inc T.RSI

Alternate Symbol(s): RSGUF | T.RSI.DB.E | T.RSI.DB.F

Consumer Defensive Packaged Foods

Rogers Sugar Inc. is a provider of sugar products to the Canadian market. The Company operates through two segments: Sugar, which includes refined sugar and by-products, and Maple, which includes maple syrup and maple derived products. The Company operates through its wholly owned subsidiaries, Lantic Inc. (Lantic) and The Maple Treat Corporation (TMTC). Lantic sugar products include granulated, icing, cube, yellow and brown sugars, liquid sugars and specialty syrups. Lantic also operates a distribution center in Toronto, Ontario. Lantic operates cane sugar refineries in Montreal, Quebec and Vancouver, British Columbia, as well as the Canadian sugar beet processing facility in Taber, Alberta. TMTC products include maple syrup and derived maple syrup products supplied under retail private label brands in over 50 countries and are sold under various brand names. TMTC operates bottling plants in Granby, Degelis and St-Honore-de-Shenley, Quebec and in Websterville, Vermont.

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Rogers Sugar Inc > Rogers Sugar Announces a $110 Million Equity Offering

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Post by Betteryear2on Feb 27, 2024 8:14am

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Post# 35900946

Rogers Sugar Announces a $110 Million Equity Offering

MONTREAL, Feb. 26, 2024 (GLOBE NEWSWIRE) -- NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES

Montreal (Qubec), February 26, 2024 – Rogers Sugar Inc. (the “Company” or “Rogers Sugar”) (TSX: RSI) today announced the issue and sale of common shares (the “Common Shares”) for aggregate gross proceeds to the Company of approximately $110 million at an offering price of $5.18 per Common Share, the net proceeds of which will be used to fund a portion of the Eastern Canada capacity expansion project (the “Expansion Project”) undertaken by the Company’s wholly owned operating subsidiary Lantic Inc. (“Lantic”), as further described below.

Rogers Sugar Announces a $110 Million Equity Offering to (globenewswire.com)