Topaz Energy Corp TPZEF

Primary Symbol: T.TPZ

Energy Oil & Gas E&P

Topaz Energy Corp. is a Canada-based royalty and infrastructure energy company. The Company is primarily focused on developing its business by acquiring and developing relationship with natural gas producers, such as Tourmaline Oil Corp. It owns gross overriding royalty (GORR) interests on approximately 5.3 million acres of land located throughout the prolific natural gas plays in the Western Canadian Sedimentary Basin (WCSB). The Company has royalty interests in the Clearwater and Charlie Lake operating areas of Alberta, as well as working interest in a sweet natural gas processing facility and associated crude oil battery in the Wembley area. It has GORR interests on over 380 thousand acres of land located in the Clearwater area in Alberta. Its assets are located throughout Canada's resource plays, such as the NEBC Montney, Alberta Deep Basin, Central Alberta, Peace River High area of British Columbia/Alberta, Alberta Clearwater, Saskatchewan Weyburn and Manitoba.

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Comment by savyinvestor333on May 27, 2021 4:05pm

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Post# 33279977

RE:RE:RE:RE:RE:RE:New Issue

Show me an example where a deal has closed in 1 day from offering.

riski wrote: You know what I mean. Don't play dumb. When these deals are heavily subscribed, they announce filling of the over allotment that day or the next. 9 days later, radiosilence from the company.

savyinvestor333 wrote:
Completion of the Equity Financing is subject to customary closing conditions, including the receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange. Closing of the Equity Financing is expected to occur on June 8 , 2021. Closing of the Equity Financing is not conditional on the closing of the Strategic Acquisitions. In the event that the Strategic Acquisitions do not close, the net proceeds from the Equity Financing will be used to fund future acquisitions and for internal working capital purposes.

In conjunction with the Equity Financing, certain officers, directors and employees of Topaz and their associates intend to purchase up to 0.2 million Common Shares at a price of $14.25 per Common Share on a private placement basis.

riski wrote: 8 days later and still no news on the closure of this allegedly oversubscribed deal.

savyinvestor333 wrote:
Why? It never traded down to the issue price and I only received around 10% of the shares I asked to purchase. I'm sure the over allotment will be excercised.

riski wrote: I find this hard to believe. savyinvestor333 wrote:

Must have been hugely oversubscribed as I only received a fraction of whatr I asked for.