Topaz Energy Completes Major Equity Financing

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

Topaz Energy Corp. has successfully completed an equity financing deal, raising approximately $206.9 million through the sale of common shares. The proceeds will help fund a significant acquisition of royalty interests from Tourmaline Oil Corp. This move is part of Topaz’s strategy to enhance free cash flow and ensure sustainable dividend payments.

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