CALGARY, AB, Feb. 24, 2025 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide fourth quarter and annual 2024 financial results and announce the Company's 2025 guidance estimates. Select financial information is outlined below and should be read in conjunction with Topaz's consolidated financial statements and related management's discussion and analysis ("MD&A") as at and for the three months and year ended December 31, 2024, which are available on SEDAR+ at www.sedarplus.ca and on Topaz's website at www.topazenergy.ca.
CALGARY, AB, Feb. 3, 2025 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that on January 31, 2025 it acquired a gross overriding royalty interest across approximately 0.1 million gross acres (over 60% undeveloped) (the "Royalty Interest"), and entered into a definitive agreement to acquire a 35% working interest in a 40 MMcf/d natural gas processing facility (the "Facility Interest"), in the Alberta Montney, for total cash consideration of $43.0 million (the "Alberta Montney Acquisition"). The Alberta Montney Acquisition is expected to provide approximately $5.0 million of annualized total revenue(1)(2) to Topaz before consideration of royalty revenue growth from future acreage development.
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THE PROSPECTUS IS ACCESSIBLE THROUGH SEDAR+
CALGARY, AB, Dec. 5, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") announces today that it has filed and been receipted for a (final) short form prospectus (the "Prospectus") in each of the provinces of Canada, other than Quebec. The Prospectus was filed in connection with Topaz's previously announced secondary offering of common shares as described in the November 25, 2024 and November 26, 2024 joint news releases of the Company and Tourmaline Oil Corp.
CALGARY, AB, Nov. 4, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to provide third quarter 2024 financial results and provide updated 2024e guidance estimates. Select financial information is outlined below and should be read in conjunction with Topaz's interim condensed consolidated financial statements ("Consolidated Financial Statements") and related management's discussion and analysis ("MD&A") as at and for the three and nine months ended September 30, 2024, which are available on SEDAR+ at www.sedarplus.ca and on Topaz's website at www.topazenergy.ca.
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
CALGARY, AB, Oct. 22, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that it has completed its previously announced bought-deal equity financing (the "Equity Financing") of common shares ("Common Shares").
Pursuant to the Equity Financing, Topaz issued 7,000,000 Common Shares, in addition to 1,050,000 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 $25.05 per Common Share for total gross proceeds of approximately $201.7 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., CIBC World Markets Inc., TD Securities Inc., ATB Securities Inc., Canaccord Genuity Corp., Desjardins Securities Inc., Raymond James Ltd., and Tudor, Pickering, Holt & Co. Securities – Canada, ULC.
/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/
ACQUISITION IMMEDIATELY PROVIDES 50% ROYALTY ACREAGE, 12% ROYALTY PRODUCTION AND 8% ROYALTY REVENUE GROWTH
CALGARY, AB, Oct. 1, 2024 /CNW/ - Topaz Energy Corp. (TSX: TPZ) ("Topaz" or the "Company") is pleased to announce that further to its growth strategy of acquiring low-risk, premium royalty interests, the Company has entered into definitive agreements with Tourmaline Oil Corp. ("Tourmaline") to acquire gross overriding royalty interests on approximately 3.0 million gross acres, over 50% undeveloped, in its NEBC Montney, Alberta Deep Basin and Peace River High core royalty areas (the "Strategic Acquisition Lands") for total cash consideration of $278.2 million, before customary closing adjustments (the "Strategic Acquisition"). Topaz will fund the Strategic Acquisition, which is scheduled to close November 1, 2024, through a $175.4 million bought deal equity financing (the "Equity Financing") and Topaz's existing credit facilities.
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