Tourmaline Completes Strategic Acquisition of Jupiter
Tourmaline Completes Strategic Acquisition of Jupiter News provided by Share this article Share this article CALGARY, AB, Dec. 18, 2020 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce the completion of its previously announced acquisition of Jupiter Resources Inc. ("Jupiter") whereby it acquired all of the issued and outstanding shares of Jupiter for total consideration of approximately $630.0 million, comprised of 24.2 million Tourmaline common shares, and the assumption of net debt of approximately $200.0 million, inclusive of all transaction c...
Source: newswire.ca