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April 16 (Reuters) - Sunopta Inc SOY.TO :
* SUNOPTA SECURES US$60 MILLION EQUITY COMMITMENT
* SUNOPTA - ENTERED INTO FINANCING AGREEMENT WITH FUNDS MANAGED BY OAKTREE CAPITAL MANAGEMENT, L.P. AND ENGAGED CAPITAL, LLC
* SUNOPTA INC - UNDER AGREEMENT, OAKTREE AND ENGAGED WILL INVEST UP TO TOTAL OF US$60 MILLION IN SUNOPTA IN FORM OF EXCHANGEABLE PREFERRED SHARES
* SUNOPTA INC - PROCEEDS FROM EQUITY INVESTMENT WILL BE USED PRIMARILY TO INVEST IN CO'S PLANT-BASED FOODS AND BEVERAGES BUSINESS
* SUNOPTA INC - OAKTREE AND ENGAGED HAVE COMMITTED TO PURCHASE UP TO US$60 MILLION OF NEWLY CREATED SERIES B EXCHANGEABLE PREFERRED SHARES IN TWO TRANCHES
* SUNOPTA INC - AS PART OF TRANSACTION, CO HAS COMMITTED TO NOMINATING A DESIGNEE OF ENGAGED TO SERVE ON COMPANY'S BOARD, SUBJECT TO CERTAIN CONDITIONS
* SUNOPTA INC - ENGAGED HAS RIGHT TO NOMINATE ONE DIRECTOR CANDIDATE TO COMPANY'S BOARD
* SUNOPTA INC - OAKTREE CONTINUES TO HAVE RIGHT TO NOMINATE TWO DIRECTOR CANDIDATES TO COMPANY'S BOARD
* SUNOPTA INC - OAKTREE AND ENGAGED HAVE AGREED TO PROTECTIVE COVENANTS RELATING TO A CHANGE OF CONTROL OF COMPANY