Topaz Energy Corp (TSE:TPZ) has released an update.
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Topaz Energy Corp. has successfully completed an equity financing deal, raising approximately $206.9 million through the sale of common shares. The proceeds will help fund a significant acquisition of royalty interests from Tourmaline Oil Corp. This move is part of Topaz’s strategy to enhance free cash flow and ensure sustainable dividend payments.
For further insights into TSE:TPZ stock, check out TipRanks’ Stock Analysis page.
