Bullboard - Stock Discussion Forum Rogers Sugar Inc T.RSI

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

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... see more

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

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Post by Betteryear2 on Feb 27, 2024 8:14am

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)