Topaz Energy Corp. closes bought deal equity financing
Torys acted as counsel to the syndicate of underwriters co-led by Peters & Co. and National Bank Financial with a team that included Scott Cochlan, Mike Pedlow and Cassondra Lozynsky (corporate/Canadian securities) and Chris Bornhorst (corporate/U.S. securities).
On October 26, 2021, Topaz Energy Corp. (“Topaz”) closes its bought deal equity financing of common shares. Topaz issued 10,120,000 common shares, including 1,320,000 common shares issued pursuant to the exercise in full of an over-allotment option granted to the underwriters. The common shares were issued at a price of C$17.10 per common share for total gross proceeds of C$173.1 million.
The equity financing was made through a syndicate of underwriters co-led by Peters & Co. Limited and National Bank Financial Inc. and included BMO Nesbitt Burns Inc., Scotia Capital Inc., RBC Dominion Securities Inc., ATB Capital Markets Inc., Desjardins Securities Inc., Raymond James Ltd., Stifel Nicolaus Canada Inc. and TD Securities Inc.
Further information can be found on Canada Newswire’s website.
Topaz is a unique royalty and energy infrastructure company focused on generating free cash flow growth and paying reliable and sustainable dividends to its shareholders, through its strategic relationship with one of Canada's largest natural gas producers, Tourmaline Oil Corp., an investment grade senior Canadian E&P company.