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Tourmaline Oil Beefs Up Share Financing

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October 11, 2012

Tourmaline Oil Corp. (Toronto Venture: TOU) announced that in connection with its previously announced flow-through common share bought deal financing, Tourmaline and the syndicate of underwriters led by Peters & Co. Ltd. and including Scotia Capital Inc., FirstEnergy Capital Corp., National Bank Financial Inc., Stifel Nicolaus Canada Inc., CIBC World Markets Inc., TD Securities Inc., and Cormark Securities Inc. have agreed to increase the size of the financing. Tourmaline will now issue 1 million flow-through common shares at a price of $36.90 per per share for gross proceeds of $36.9 ...

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