Not for distribution to U.S. news wire services or dissemination in the United States CALGARY, AB, Oct. 6, 2021 /CNW/ - Topaz Energy Corp. is pleased to announce that it has agreed with the syndicate of underwriters co-led by Peters & Co. Limited and National Bank Financial Inc. to increase the size of the previously announced bought-deal equity financing . Topaz will now issue 8,800,000 common shares at a price of $17.10 [...]
Topaz Energy Corp. is pleased to announce that it has entered into a purchase and sale agreement with Whitecap Resources Inc. to acquire a newly-created 5% gross overriding royalty interest on Whitecap's working interest in the Weyburn Unit for $188.0 million in cash . The Weyburn Royalty Acquisition will be funded through a $131.7 million bought deal equity financing and Topaz's existing credit facilities. Complementary [...]
Topaz Energy Corp. is pleased to announce the publication of its inaugural 2020 Sustainability Report which outlines how the Company has integrated environment, social & governance performance considerations within the Company's energy investment strategy. The report is available on the Company's website at www.topazenergy.ca. The Company's 2020 Sustainability Report covers its first full calendar year of operations [...]
Tourmaline Oil Corp. and Topaz Energy Corp. announced today the closing of the previously announced secondary offering of common shares of the Company . Pursuant to the Offering, the Selling Shareholder sold 7,000,000 Common Shares at a price of $15.45 per Common Share for total gross proceeds to the Selling Shareholder of $108.15 million. The Company has not and will not receive any of the proceeds of the Offering. The [...]
Aug. 30, 2021 /CNW/ - Tourmaline Oil Corp. and Topaz Energy Corp. announced today that they have entered into an agreement with Peters & Co. Limited , on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on a bought deal basis, from Tourmaline 7,000,000 common shares of the Company at a price of $15.45 per Common Share for total gross proceeds to the Selling Shareholder of [...]
Topaz Energy Corp. is pleased to announce financial results for the second quarter of 2021 and increased 2021 guidance estimates incorporating acquisition activity. Capital allocation strategy Topaz's hybrid royalty and infrastructure business provides transparent, embedded & self-funded growth and balanced commodity exposure. Through execution of the Company's acquisition growth strategy, Topaz has doubled its second [...]
Topaz Energy Corp. is pleased to announce that in furtherance of its growth strategy of acquiring low-risk, premium royalty interests to generate free cash flow growth, it has entered into definitive agreements with Tourmaline Oil Corp. for the purchase of gross overriding royalty interests on approximately 296,000 gross acres in the NEBC Montney play area, for total cash consideration of $145.0 million , which will be [...]
Topaz Energy Corp. is pleased to announce that its shareholders approved all resolutions at the annual meeting of shareholders of the Company held on June 23, 2021 . A report of voting results will be available on SEDAR at www.sedar.com. The resolution to appoint the nine nominees as directors of the Company was passed on a vote by poll and each of the directors received the following votes for their election: Nominee [...]
Topaz Energy Corp. is pleased to provide an acquisition activity update and increased 2021 guidance estimates to incorporate the Clearwater and NEBC Montney acquisitions announced May 18, 2021. Acquisition Activity Update Reserve Royalty On May 31, 2021, Topaz completed its previously announced acquisition from Reserve Royalty Income Trust of its subsidiaries which hold all of the Reserve Royalty assets, for $26.0 [...]
Topaz Energy Corp. is pleased to announce it has completed its previously announced $175.0 million bought deal equity financing whereby Topaz issued 12,281,000 Common Shares at a price of $14.25 per Common Share. In addition, the over-allotment option granted to the underwriters to purchase up to an additional 1,842,150 Common Shares was exercised in full, generating additional gross proceeds to the Company of $26.3 [...]
Topaz Energy Corp. is pleased to announce that in furtherance of its growth strategy of acquiring low-risk, premium growth royalty interests complemented by stable infrastructure revenue to generate free cash flow growth, it has entered into definitive agreements with Tourmaline Oil Corp. for the purchase of gross overriding royalty interests on approximately 535,000 gross acres in the NEBC Montney and working interest [...]
Topaz Energy Corp. is pleased to announce financial results for the three months ended March 31, 2021 and increased 2021 guidance estimates to incorporate recent acquisition activity. Through a combination of organic growth, accretive acquisitions and stable EBITDA generated from Topaz's infrastructure assets, Topaz's total revenue and other income grew 66% from the prior year. Topaz's low cost, high margin business [...]
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