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TOURMALINE AND TOPAZ ANNOUNCE $242 MILLION BOUGHT DEAL SECONDARY OFFERING OF TOPAZ COMMON SHARES
TOURMALINE AND TOPAZ ANNOUNCE $242 MILLION BOUGHT DEAL SECONDARY OFFERING OF TOPAZ COMMON SHARES ...
About this update from Topaz Energy Corp
[{"type":"text","content":"\n\n\n\n TOURMALINE AND TOPAZ ANNOUNCE $242 MILLION BOUGHT DEAL SECONDARY OFFERING OF TOPAZ COMMON SHARES\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; FONT-SIZE: 8PT; FONT-FAMILY: ARIAL; COLOR: BLACK; MARGIN:0em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n /\n \n NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n ./\n \n\n\n\n\n\n\n\n\n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n Nov. 25, 2024\n \n\n /CNW/\n \n -\n \n Tourmaline Oil Corp. (TSX: TOU) (\"\n \n Tourmaline\n \n \" or the \"\n \n Selling Shareholder\n \n \") and Topaz Energy Corp. (TSX: TPZ) (\"\n \n Topaz\n \n \" or the \"\n \n Company\n \n \") announced today that they have entered into an agreement with Peters & Co. Limited and BMO Capital Markets (the \"\n \n Lead Underwriters\n \n \"), on behalf of a syndicate of underwriters (together with the Lead Underwriters, the \"\n \n Underwriters\n \n \"), pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from Tourmaline 8,700,000 common shares of the Company (the \"\n \n Common Shares\n \n \") at a price of\n \n $27.80\n \n per Common Share (the \"\n \n Offering Price\n \n \") for total gross proceeds to the Selling Shareholder of approximately\n \n $242 million\n \n (the \"\n \n Offering\n \n \"). The Underwriters will have an option to purchase up to an additional 15% of the Common Shares issued under the Offering at the Offering Price to cover over-allotments and for market stabilization purposes exercisable in whole or in part at any time until 30 days after the closing. The Company will not receive any of the proceeds of the Offering.\n \n\n The Selling Shareholder currently holds 45,149,494 common shares of Topaz, representing approximately 29.4% of the issued and ...