TOURMALINE OIL CORP. ANNOUNCES CLOSING OF $141.9 MILLION EQUITY OFFERING
Tourmaline Oil Corp. is pleased to announce that it has closed its public offering of 4,000,000 common shares at a price of $33.00 per share. Concurrent with the closing of the public offering, certain directors, officers and employees of Tourmaline and their associates, purchased a total of 300,000 common shares at the offering price of $33.00 per share on a private placement basis. The gross proceeds from the offering and concurrent private placement totalled $141.9 million.