Rogers Sugar Inc. (TSX: RSI) announced on February 28, 2024, and closed on March 4, 2024, a $50,038,800 common share offering, issuing 9,660,000 shares at $5.18 per share. Net proceeds of approximately $48 million will fund an expansion at its Montréal sugar refinery and Toronto logistics infrastructure. The offering was underwritten by BMO Nesbitt Burns Inc., National Bank Financial Inc., TD Securities Inc., Scotia Capital Inc., CIBC World Markets Inc., Desjardins Securities Inc., and RBC Dominion Securities Inc., with a 4% underwriting fee.

Legal advisors included Davies Ward Phillips & Vineberg LLP for Rogers Sugar and Stikeman Elliott LLP for the underwriters.

A $60.4 million concurrent private placement with Fonds de solidarité FTQ and Belkorp Industries Inc. closed alongside the offering. Shares are listed on the Toronto Stock Exchange.