Tourmaline Oil Corp. Increases Size of Bought Deal Flow-Through Financing

Tourmaline Oil Corp. Increases Size of Bought Deal Flow-Through Financing 
NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Tourmaline Oil Corp. 
TSX SYMBOL:  TOU 
MAY 14, 2014 
Tourmaline Oil Corp. Increases Size of Bought Deal Flow-Through Financing 
CALGARY, ALBERTA--(Marketwired - May 14, 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") is pleased to announce
that it has increased the size of its previously announced bought deal private
placement flow-through common share offering with a syndicate of underwriters
led by Peters & Co. Limited and including FirstEnergy Capital Corp., Scotia
Capital Inc., CIBC World Markets Inc., National Bank Financial Inc., RBC
Capital Markets and TD Securities Inc. Tourmaline will now issue 1,000,000
flow-through common shares at a price of $68.15 per share for total proceeds of
approximately $68 million. In addition, officers, directors and employees of
Tourmaline will participate by purchasing up to 150,000 additional flow-through
common shares at a price of $68.15 per share.   
Tourmaline will use the proceeds of the financing to incur eligible Canadian
Exploration Expenses on its properties. These qualifying expenditures will be
renounced to subscribers for the 2014 tax year.   
The financing is subject to customary regulatory approvals and is expected to
close on or about June 2, 2014.  
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
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 financing, its completion and the timing thereof and receipt of necessary
approvals. 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
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 
INDUSTRY:  Energy and Utilities - Oil and Gas  
SUBJECT:  FNC 
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-0- May/14/2014 14:35 GMT
 
 
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