Tourmaline Oil Corp. - 2012-10-11
Description
Agreed to increase the size of the financing. Tourmaline will now issue 1 million flow-through common shares at a price of $36.90 per per share. Underwriters were led by Peters & Co. Ltd. and including Scotia Capital Inc., FirstEnergy Capital Corp., National Bank Financial Inc., Stifel Nicolaus Canada Inc., CIBC World Markets Inc., TD Securities Inc., and Cormark Securities Inc. Proceeds will incur eligible Canadian exploration expenses on the exploration of its properties.