Business
Topaz Energy Corp. Announces Inclusion in the S&P/TSX Composite Index and Expansion & Extension of its Syndicated Credit Facility
Topaz Energy Corp. Announces Inclusion in the S&P/TSX Composite Index and Expansion &...
About this update from Topaz Energy Corp
[{"type":"text","content":"\n \n \n \n Topaz Energy Corp. Announces Inclusion in the S&P/TSX Composite Index and Expansion & Extension of its Syndicated Credit Facility\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n Topaz Energy Corp. Announces Inclusion in the S&P/TSX Composite Index and Expansion & Extension of its Syndicated Credit Facility\n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Dec. 6, 2021\n \n /CNW/ - Topaz Energy Corp. (TSX: TPZ) (\"Topaz\" or the \"Company\") is pleased to announce that it will be added to the S&P/TSX Composite Index effective\n \n Monday, December 20, 2021\n \n , prior to the open of trading on the Toronto Stock Exchange (the \"TSX\").  The S&P/TSX Composite Index is the headline index for\n \n Canada\n \n and is the principal benchmark measure for the Canadian equity markets, represented by the largest companies on the TSX. Inclusion in the S&P/TSX Composite Index can potentially broaden participation in a company's investor base by enabling investment from index funds and similar investment vehicles.\n \n \n \n \n \n \n \n \n \n \n Marty Staples\n \n , Topaz's President, Chief Executive Officer and Director, stated, \"On behalf of the Board of Directors and our employees, we are honored to be included in the S&P/TSX Composite Index. This represents a major achievement for Topaz and its shareholders, and we believe an important milestone acknowledging Topaz's significant growth and diversification of its asset portfolio over its first year as a public entity. We are also of the view that the addition of Topaz to the S&P/TSX Composite may increase the Company's exposure to a broader range of potential investors and should provide better trading liquidity for all shareholders.\"\n \n \n \n Credit Facility Expansion & Extension\n \n \n \n Topaz is also pleased to announce that it has entered into an amended and restated credit agreement with a syndicate of Canadian banks providing for a\n \n $500 million\n \n combined operating and syndicated unsecured credit facility, due\n \n Decemb...