WHY CAN'T SGY DO A DEAL LIKE THIS.?CALGARY, AB , June 11, 2021 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has entered into a definitive agreement to acquire privately owned Black Swan Energy Ltd. ("Black Swan") for a total consideration of approximately $1.1 billion Cdn , consisting of 26 million Tourmaline common shares and the assumption of net debt (1) up to a maximum of $350 million , including all transaction costs. The transaction is expected to close in the second half of July 2021 , subject to regulatory approvals.