03:48 PM EST - Tourmaline Oil Corp. : announced that in connection with its previously announced bought-deal financing, Tourmaline and the syndicate of underwriters led by Peters & Co. Limited and including Scotia Capital Inc., FirstEnergy Capital Corp., CIBC World Markets Inc., National Bank Financial Inc., TD Securities Inc., Stifel Nicolaus Canada Inc., and RBC Capital Markets have agreed to increase the size of the financing. Tourmaline will now issue 5,000,000 common shares at a price of $34.25 per Common Share for gross proceeds of $171,250,000 and 750,000 flow-through common shares at a price of $42.15 per Flow-Through Share for gross proceeds of $31,612,500 for total gross proceeds of $202,862,500. Tourmaline Oil Corp.
shares T.TOU are trading down $0.895 at $34.34.
