Tourmaline Oil Corp. - 2013-10-08


Closed its public offering and concurrent private placement of common shares and flow-through shares with an exercised over-allotment option. Net proceeds will be used reduce debt, to fund the 2013 capital expenditure program, for general working capital purposes, and pay Canadian exploration expenses. Peters & Co. Ltd. led the syndicate of underwriters Scotia Capital Inc., FirstEnergy Capital Corp., CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., and RBC Dominion Securities Inc.

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