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TOURMALINE AND TOPAZ ANNOUNCE $200 MILLION BOUGHT DEAL SECONDARY OFFERING OF TOPAZ COMMON SHARES
TOURMALINE AND TOPAZ ANNOUNCE $200 MILLION BOUGHT DEAL SECONDARY OFFERING OF TOPAZ COMMON SHARES ...
About this update from Tourmaline Oil Corp.
[{"type":"text","content":"\n\n\n\n TOURMALINE AND TOPAZ ANNOUNCE $200 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; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prngen3{\nPADDING-RIGHT:0.33em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; 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\n\n\n\n\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 CALGARY, AB\n \n\n ,\n \n\n Oct. 8, 2025\n \n\n /CNW/ - 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 Scotiabank (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 8,000,000 common shares of the Company (the \"\n \n Common Shares\n \n \") at a price of\n \n $25\n \n .10 per Common Share (the \"\n \n Offering Price\n \n \") for total gross proceeds to the Selling Shareholder of approximately\n \n $200 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 t...