CALGARY, AB, Oct. 1, 2024 /CNW/ - Tourmaline Oil Corp. (TSX: TOU) ("Tourmaline" or the "Company") is pleased to announce that it has closed the acquisition of Crew Energy Inc. ("Crew"), pursuant to which the Company acquired all of the issued and outstanding common shares of Crew in exchange for 18.778 million Tourmaline common shares and the assumption of net debt of approximately $230 million, including all transaction costs, for total consideration of approximately $1.4 billion(1) (the "Crew Acquisition").
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