Sunopta Inc. (STKL): West Face Capital Continues To Sell Shares

Page 4 of 6 – SEC Filing

SCHEDULE 13D
Page 4 of 6 Pages
Item 1. Security and Issuer

This Amendment No. 9 to Schedule 13D is being filed by West Face Capital Inc. (“West Face”) and Gregory A. Boland (“Mr. Boland”) (collectively, the “Reporting Persons”), pursuant to §240.13d-2(a), to amend the Schedule 13D filed on February 23, 2012 (“Initial Schedule 13D”) as amended by Amendment No. 1 filed on May 18, 2012, Amendment No. 2 filed on August 15, 2013, Amendment No. 3 filed on August 28, 2014, Amendment No. 4 filed on September 8, 2014, Amendment No. 5 filed on August 14, 2015, Amendment No. 6 filed on September 30, 2015, Amendment No. 7 filed on January 5, 2016 and Amendment No. 8 filed on August 16, 2016 (each Amendment together with the Initial Schedule 13D, the “Amended Schedule 13D”) relating to the Common Shares, no par value (the “Shares”), of SunOpta Inc. (the “Issuer” or the “Company”), whose principal executive offices are located at 2233 Argentia Road, Mississauga, Ontario L5N 2X7, Canada. Except as set forth below, all Items of the Amended Schedule 13D remain unchanged. All capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Amended Schedule 13D

Item 5. Interest in Securities of the Issuer
Item 5 of the Schedule 13D is hereby amended and restated as follows:
(a)            Each of West Face and Mr. Boland may be deemed to be the beneficial owner of 4,253,343 Shares (approximately 4.97% of the total number of Shares outstanding).  This figure is based on a total of 85,613,246 Shares outstanding on August 5, 2016, as reported in the Company’s quarterly report on Form 10-Q, filed with the SEC on August 10, 2016.
(b)            Each of West Face and Mr. Boland may be deemed to have shared voting power and shared dispositive power over the 4,253,343 Shares they may be deemed to beneficially own.
(c)            A description of the transactions in the Shares by the Reporting Persons since the most recent filing of Schedule 13D on Amendment No. 8, filed August 16, 2016, all of which were effected in the open market in routine brokerage transactions, is included in Exhibit C.
(d)            West Face Long Term Opportunities Global Master L.P. is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares covered by this statement that may be deemed to be beneficially owned by the Reporting Persons.
(e)            As of September 7, 2016, the Reporting Persons ceased to be the beneficial owners of more than five percent of the Shares.
Item 7. Material to be Filed as Exhibits.
Item 7 of the Schedule 13D is hereby amended and supplemented as follows:
Exhibit C: Schedule of Transactions

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