Stake Technology Announces Sale of Opta Head Office.Business Editors TORONTO--(BUSINESS WIRE)--Oct. 3, 2003 Stake Technology Ltd. (Stake) (Nasdaq:STKL) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :SOY soy (soi) soybean. soy, n Latin name: Glycine max; part used: seeds (beans); uses: high cholesterol, analgesic, antipyretic, anorexia, hyperactivity, liver conditions; pos-sible use in ) announced today that its subsidiary, Opta Food Ingredients, Inc. has entered into an Option Agreement with Dr. Laxman S Laxman is a given name or surname, and may refer to:
As per the terms of the Option Agreement, Stake has received a $500,000 non-refundable initial option payment which may be applied to the sale price at closing. Stake will also receive non-refundable monthly option payments of $30,000 which will not be applied to the purchase price at closing. An option deposit in the amount of $700,000 is due on or before December 15, 2003 and Stake will also receive monthly option deposits of $20,000, all of which deposits may be applied to the purchase price at closing. All amounts are expressed in US dollars. Stake's Food Ingredients operations will continue to operate from approximately 12,000 square feet of the building and the Purchaser will assume the balance of the facility. Stake Technology Ltd., soon to be SunOpta Inc., is an owner/operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food markets. For the last five consecutive years, Stake was included in Profit magazine's 'Profit 100' list of the 100 fastest growing companies in Canada. The company has three business units: the Food Group, which specializes in sourcing, processing and distribution of natural and organic food products; integrated from seed through packaged products; the Environmental Industrial Group; a producer, distributor, and recycler of environmentally friendly Environmentally friendly, also referred to as nature friendly, is a term used to refer to goods and services considered to inflict minimal harm on the environment.[1] industrial materials; and the Steam Explosion Technology Group who engineer and market clean pulping
Websites: www.staketech.com or www.sunopta.com www.sunrich.com www.bei.ca www.steamexplosion.com www.sunrichvalley.com www.organickitchen.ca www.wildwestorganicharvest.com www.kettlevalley.net www.opta-food.com |
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