Topaz Energy Corp (TSE:TPZ) has released an update.
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Topaz Energy Corp. has strategically expanded its royalty interests with the acquisition of assets from Tourmaline Oil Corp. for $278.2 million, expecting to boost its royalty acreage by 50% and strengthen its growth in line with the burgeoning North American LNG market. The acquisition, which is also supported by Topaz’s current financial hedging positions, will be funded through equity financing and existing credit facilities.
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