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Tourmaline Oil Closes On $17.4 Million Over-Allotment Option

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September 19, 2012

Tourmaline Oil Corp. (TOU.TO) has issued an additional 600,000 common shares at $29.00 per share for gross proceeds of $17.4 million pursuant to the exercise in full of the underwriters' over-allotment option in connection with its recently completed public offering.

In total, Tourmaline raised $134.5 million pursuant to the public offering and the concurrent private placement.

The public offering was underwritten by a syndicate of underwriters led by Peters & Co. Ltd. and included Scotia Capital Inc., FirstEnergy Capital Corp., National Bank Financial Inc., Stifel Nicolaus Canada Inc., CIBC World ...

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