Topaz Energy Corp (TSE:TPZ) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Topaz Energy Corp, alongside Tourmaline Oil Corp, has increased its bought deal secondary offering to $300 million, with an option for underwriters to purchase an additional 15% of common shares. This strategic move comes as Tourmaline reduces its stake in Topaz, which will drop from 29.4% to 22.4%, post-offering.
For further insights into TSE:TPZ stock, check out TipRanks’ Stock Analysis page.