Tourmaline Oil Corp. - 2012-08-30

Has closed its public offering of 4,000,000 common shares at a price of $29.00 per common share. The public offering was underwritten by a syndicate of underwriters led by Peters & Co. Limited and included Scotia Capital Inc., FirstEnergy Capital Corp., National Bank Financial Inc., Stifel Nicolaus Canada Inc., CIBC World Markets Inc., TD Securities Inc., and Cormark Securities Inc. The net proceeds of the financings will be used to temporarily reduce indebtedness, which will then be available to be redrawn and applied to partially fund the previously disclosed expansion of the 2012 capital program from $375 million to $410 million, its 2013 capital expenditure program and for general corporate purposes.