Topaz Energy Upsizes Secondary Offering to $300M

Topaz Energy Corp (TSE:TPZ) has released an update.

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.

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