SunOpta BioProcess Inc.

April 27, 2010 21:13 ET

Acquisition of Shares of Chudleigh Ventures Inc. by SunOpta BioProcess Inc.

BRAMPTON, ONTARIO--(Marketwire - April 27, 2010) - SunOpta BioProcess Inc. ("SBI") acquired ownership of an aggregate of 19,684,000 common shares of Chudleigh Ventures Inc. ("CVI"), representing approximately 31.4% of the 62,562,500 issued and outstanding common shares of CVI. SBI also acquired warrants exercisable to acquire an aggregate of 542,000 common shares of CVI.

SBI acquired 18,600,000 common shares of CVI pursuant to the sale of its shares of Sweet Diabetic Delight Food Inc. ("SDD") to CVI in accordance with the terms and conditions of a securities exchange agreement dated as of March 26, 2010 (the "Securities Exchange Agreement") between CVI, SDD and the holders of all of the issued and outstanding shares of SDD (including SBI). SBI acquired 1,084,000 common shares of CVI and warrants exercisable to acquire an aggregate of 542,000 common shares of CVI pursuant to a private placement offering of units by CVI.

SBI acquired the common shares and warrants of CVI for investment purposes and has no current future intention to acquire additional common shares or other securities of CVI.

SBI will file an early warning report describing the above transactions with applicable Canadian securities regulators, a copy of which will be available under CVI's profile at www.SEDAR.com.

Contact Information

  • SunOpta Bioprocess Inc.
    2838 Bovaird Drive West
    Brampton, Ontario L7A 0H2
    or
    SunOpta Bioprocess Inc.
    Attention: Robert Pontius,
    Vice President, Commercial Development
    905.455.2528 ext.128