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Tourmaline Increasing Rig Count; Ups CapEx
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Tourmaline Oil Corp. has announced that it has closed its public offering of 4,887,500 common shares at a price of $39.50 per share, which includes 637,500 common shares issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of $193.1 million.
Concurrent with the closing of the public offering, certain directors, officers and employees of the Company and their associates, purchased a total of 60,000 shares at the offering price of $39.50 per share on a private placement basis. The gross proceeds from the offering and concurrent private placement totalled approximately $195.4 million.
The public offering was underwritten by a syndicate of underwriters led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia Capital Inc., CIBC, National…
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