February 10, 2010 (FinancialWire) — Toreador Resources Corp. (NASDAQ: TRGL) said that it has priced an underwritten public offering of three million shares of common stock at a public offering price of $8.50 per share. The offering is scheduled to close on February 12, 2010, subject to customary closing conditions.

The net proceeds to Toreador from the offering will be approximately $23.5 million, after deducting underwriting discounts, commissions and estimated offering expenses.

Toreador plans to use the net proceeds, together with cash on hand, to satisfy payment obligations arising from the holders’ exercise, if any, of their right on October 1, 2010 to require the company to repurchase its 5.00% convertible senior notes due 2025 and for general corporate purposes, which may include working capital, capital expenditures and acquisitions.

Paris-based Toreador Resources is an independent energy company engaged in the acquisition, development, exploration and production of crude oil. The company holds interests in developed and undeveloped oil properties in France.

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