Tourmaline Oil Corp. Announces Closing of Bought Deal Financing Including Exercise in Full of Over-Allotment Option

Tourmaline Oil Corp. Announces Closing of Bought Deal Financing Including 
Exercise in Full of Over-Allotment Option 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Tourmaline Oil Corp. 
TSX SYMBOL:  TOU 
FEBRUARY 12, 2014 
Tourmaline Oil Corp. Announces Closing of Bought Deal Financing Including
Exercise in Full of Over-Allotment Option 
CALGARY, ALBERTA--(Marketwired - Feb. 12, 2014) -  
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW. 
Tourmaline Oil Corp. (TSX:TOU) ("Tourmaline" or the
"Company") is pleased to announce that it has closed its public
offering of 4,600,000 common shares at a price of $47.50 per share, which
includes 600,000 common shares issued pursuant to the exercise in full of the
over-allotment option, for gross proceeds of $218.5 million. Concurrent with
the closing of the public offering, certain directors, officers and employees
of the Company and their associates, purchased a total of 15,198 common shares
at the offering price of $47.50 per share on a private placement basis. The
gross proceeds from the offering and concurrent private placement totalled
approximately $0.72 million.  
The public offering was underwritten by a syndicate of underwriters led by
Peters & Co. Limited and included Scotia Capital Inc., FirstEnergy Capital
Corp., CIBC World Markets Inc., National Bank Financial Inc., RBC Dominion
Securities Inc. and TD Securities Inc.  
The net proceeds of the financing will be used to temporarily reduce
indebtedness under its credit facility, which will then be available to be
redrawn and applied to partially fund the Company's previously announced
$900 million 2014 capital expenditure program and for general working capital
purposes.  
The securities offered have not been, and will not be, registered under the
United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any U.S. state securities laws and may not be offered or sold in
the United States absent registration or an available exemption from the
registration requirement of the U.S. Securities Act and applicable U.S. state
securities laws. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy, nor shall there be any sale of these
securities, in any jurisdiction in which such offer, solicitation or sale would
be unlawful. 
About Tourmaline Oil Corp.  
Tourmaline is a Canadian intermediate crude oil and natural gas exploration and
production company focused on long-term growth through an aggressive
exploration, development, production and acquisition program in the Western
Canadian Sedimentary Basin. 
Forward-Looking Information  
This news release contains forward-looking information that involves known and
unknown risks and uncertainties, most of which are beyond Tourmaline's
control, including, without limitation, those listed under "Risk
Factors" and "Forward-Looking Statements" in Tourmaline's
Revised Annual Information Form and in its other filings available on SEDAR at
www.sedar.com. Forward-looking information in this press release includes, but
is not limited to, information concerning the anticipated use of proceeds of
the financings. Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward-looking information prove
incorrect, actual results, performance or achievements could vary materially
from those expressed or implied by the forward-looking information.
Accordingly, undue reliance should not be placed on this forward-looking
information. This forward-looking information is made as of the date of this
release and, other than as required by applicable securities laws, Tourmaline
does not assume any obligation to update or revise it to reflect new events or
circumstances. The forward looking information contained in this release is
expressly qualified by this cautionary statement.  
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FOR FURTHER INFORMATION PLEASE CONTACT: 
Tourmaline Oil Corp.
Michael Rose
Chairman, President and Chief Executive Officer
(403) 266-5992
rose@tourmalineoil.com
or
Tourmaline Oil Corp.
Brian Robinson
Vice President, Finance and Chief Financial Officer
(403) 767-3587
robinson@tourmalineoil.com
or
Tourmaline Oil Corp.
Scott Kirker
Secretary and General Counsel
(403) 767-3593
kirker@tourmalineoil.com
or
Tourmaline Oil Corp.
Suite 3700, 250 - 6th Avenue S.W.
Calgary, Alberta T2P 3H7
(403) 266-5992
(403) 266-5952
www.tourmalineoil.com 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  FNC 
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-0- Feb/12/2014 14:13 GMT
 
 
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