CORAL GABLES, Fla., April 16, 2025 /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) ("Sucro" or the "Company"), an integrated sugar refiner focused primarily on serving North American sugar markets, announced today that a subsidiary of the Company has completed the previously announced purchase of the commercial property adjoining its cane sugar refinery development site in University Park, Illinois. The property is intended to be incorporated into the Company's previously announced cane sugar refinery development project at that location. The vendor of the property was MB Central-Bond LLC, a company in which Matthew Dyer, Sucro's Vice President of U.S. Sales, is the controlling shareholder. The property was acquired for a purchase price of US$1.043 million. The parties originally agreed that the purchase price would be satisfied by the assumption of existing mortgage indebtedness and cash. Prior to closing, the parties agreed to amend the manner in which the purchase consideration would be satisfied to a US$142,133 unsecured interest-bearing promissory note and the balance in cash.
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Sucro Announces Completion of Purchase of Adjoining Chicago Property from Related Party
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