Topaz and Tourmaline Announce $242 Million Share Offering

Topaz Energy Corp (TSE:TPZ) has released an update.

Topaz Energy Corp and Tourmaline Oil Corp have announced a $242 million secondary offering of Topaz’s common shares, which aims to enhance trading liquidity and expand its free-trading share float. The proceeds will help Tourmaline reduce its equity position and fund its infrastructure expansion plans.

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