Finance & Investing | Fundraising | Capital Markets
Tourmaline Wraps $280.6MM Offering Aimed at Debt Reduction
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Tourmaline Oil Corp. has closed its public offering of 10,350,000 common shares at a price of $27.11 per share, which includes 1,350,000 common shares issued pursuant to the exercise in full of the over-allotment option, for gross proceeds of approximately $280.6 million.
Concurrent with the closing of the public offering, certain directors, officers and employees of the Company and their associates, purchased a total of 37,500 common shares at the offering price of $27.11 per share on a private placement basis. The gross proceeds from the offering and concurrent private placement totalled approximately $281.6 million.
The public offering was underwritten by a syndicate of underwriters led by Peters & Co. Limited and included FirstEnergy Capital Corp., Scotia Capital Inc., National Bank…
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