Rogers Sugar Invests in Sweet Expansion

Rogers Sugar (TSE:RSI) has released an update.

Rogers Sugar Inc. has launched a $110 million equity offering to finance part of its Eastern Canada sugar production expansion. The offering comprises a $50 million public offering and $60 million in private placements from cornerstone investors Fonds de solidarité des travailleurs du Québec and Belkorp Industries Inc. This expansion will boost Lantic’s Montreal plant capacity by 20%, supporting the company’s growth in the North American sugar market.

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