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Topaz Energy Corp. Announces Increase to Previously Announced Bought Deal Equity Financing
Topaz Energy Corp. Announces Increase to Previously Announced Bought Deal Equity Financin...
About this update from Topaz Energy Corp
[{"type":"text","content":"\n \n \n \n Topaz Energy Corp. Announces Increase to Previously Announced Bought Deal Equity Financing\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Not for distribution to U.S. news wire services or dissemination in\n \n the United States\n \n \n \n \n CALGARY, AB,\n \n Oct. 6, 2021\n \n /CNW/ - Topaz Energy Corp. (TSX: TPZ) (\"\n \n Topaz\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has agreed with the syndicate of underwriters co-led by Peters & Co. Limited and National Bank Financial Inc. to increase the size of the previously announced bought-deal equity financing (the \"\n \n Equity Financing\n \n \"). Topaz will now issue 8,800,000 common shares (the \"\n \n Common Shares\n \n \") at a price of\n \n $17.10\n \n per Common Share for gross proceeds of\n \n $150.5 million\n \n pursuant to the Equity Financing.\n \n \n \n \n \n \n \n \n \n The underwriters will have an option to purchase up to an additional 15% of the Common Shares issued under the Equity Financing at a price of\n \n $17.10\n \n per Common Share to cover over-allotments exercisable and for market stabilization purposes in whole or in part at any time until 30 days after the closing.\n \n \n In all other respects, the terms of the Equity Financing and use of proceeds therefrom will remain as previously disclosed in the Company's\n \n October 5, 2021\n \n press release.\n \n \n The Common Shares issued pursuant to the Equity Financing will be distributed by way of a short form prospectus in all provinces of\n \n Canada\n \n and may also be placed privately in\n \n the United States\n \n to Qualified Institutional Buyers (as defined under Rule 144A under the United States Securities Act of 1933, as amended (the \"U.S. Securities Act\")) pursuant to the exemption provided by Rule 144A under the U.S. Securities Act, and may be distributed outside\n \n Canada\n \n and\n \n the United States\n \n on a basis which does not require the qualification or registration of any of the Company's securiti...