Tourmaline Oil Corp. - 2013-09-16

Description

Entered into a bought-deal financing of 3 million common shares at $41.75 per share and 850,000 flow-through common shares at $51.60 per share. Proceeds will be used to reduce indebtedness, to fund the expanded 2013 capital expenditure program, and for general working capital purposes. Peters & Co. Ltd. leads the syndicate of underwriters Scotia Capital Inc., FirstEnergy Capital Corp., CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., and RBC Capital Markets.

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Estimated Price
CA$169.1MM
Financing Type
Report Date