Topaz Energy Corp. is pleased to announce that its Board of Directors has declared a quarterly cash dividend on its common shares of $0.20 per common share. The dividend will be payable March 31, 2021 to shareholders of record at the close of business on March 15, 2021. This quarterly cash dividend is designated as an "eligible dividend" for Canadian income tax purposes. About Topaz Energy Corp. Topaz is a unique royalty [...]
Topaz Energy Corp. is pleased to announce that it has entered into an amended and restated credit agreement with a syndicate of Canadian banks providing for a $300 million combined operating and syndicated credit facility due February 19, 2024 . The Amended Credit Facility replaces the Company's prior credit facility, which was undrawn, due June 10, 2022, and provided for aggregate borrowing capacity of $125 million . The [...]
Topaz Energy Corp. is pleased to announce that it has entered into a strategic alliance with a private midstream water company, and together, entered into definitive agreements to each acquire a working interest in certain water infrastructure assets from an E&P producer along with a long-term fixed take-or-pay water disposal agreement whereby the Producer retains operatorship and obtains committed access to cost [...]
Topaz Energy Corp. is pleased to announce the completion of two previously announced gross overriding royalty acquisitions which enhance Topaz's future growth outlook and demonstrate the Company's growth strategy to acquire value-enhancing assets from high-quality strategic partners that are accretive on a per share basis. The acquisitions were funded from the Company's available cash on hand. Topaz acquired a [...]
Topaz Energy Corp. is pleased to announce it has entered into a non binding letter of intent with Tamarack Valley Energy Ltd. for the purchase of royalty interests which includes a minimum capital development commitment. The Royalty Acquisition provides free cash flow growth and diversification for Topaz while enabling Tamarack to advance its own growth; demonstrating Topaz's growth strategy of acquiring low-risk, stable [...]
Topaz Energy Corp. is pleased to announce that it has completed its previously announced initial public offering consisting of a treasury offering by the Company and a secondary offering by its majority shareholder Tourmaline Oil Corp. of an aggregate of 17,731,000 common shares at a price of $13.00 per Common Share for gross proceeds to the Company and the Selling Shareholder of approximately $217.5 million and $13.0 [...]
Topaz Energy Corp. is pleased to announce that it has it has obtained a receipt for its final base PREP prospectus filed with the securities regulatory authorities in each of the provinces of Canada and has entered into an underwriting agreement in respect of its initial public offering consisting of a treasury offering by the Company and a secondary offering by its majority shareholder Tourmaline Oil Corp. of an [...]
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