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FINWIRES

Sucro Up 13% as Board Initiates Strategic Review

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Sucro's (SUGR.V) shares rose 13% on Tuesday after its board of directors initiated a strategic review process to evaluate a range of alternatives intended to "enhance shareholder value."

The company said that the board is not considering a sale of the company, or a controlling interest, but that potential alternatives may include the sale of certain assets, divisions or business units, joint venture arrangements, share repurchases, corporate reorganization initiatives and other strategic deals.

"The objective of this strategic review process is to explore options that will unlock the value of the Company's assets and business that we do not believe are being adequately valued in the market," said Sucro chairman Don Hill.

Sucro has not established a definitive timeline to complete the strategic review, it said. Decisions related to any strategic alternative have not been reached yet.

Shares of the company were last seen up C$1.18 at C$10.18 on the TSX Venture Exchange.

Price: $10.18, Change: $+1.18, Percent Change: +13.11%

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