Tourmaline Oil Raises CA$330.6 Million Via Secondary Offering
MT newswire2026/10/08 13:4109:41 AM EDT, 10/08/2026 (MT Newswires) -- Tourmaline Oil (TOU.TO) and Topaz Energy (TPZ.TO) closed a secondary offering of Topaz shares raising CA$330.6 million, it said in a statement on Thursday. Tourmaline Oil sold a total of 11.5-million shares, including 1.5-million shares from the full exercise of the underwriters' over-allotment option. Topaz did not receive any of the proceeds. Tourmaline continues to hold 8.4-million Topaz shares, about 5.4% stake in the oil and gas royalty and infrastructure company. Shares of Tourmaline Oil last traded Wednesday, closing up CA$1.06 to CA$63.62 on the Toronto Stock Exchange. Price: 63.69, Change: +1.13, Percent Change: +1.81
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