TAG Oil Announces Upsized $11 Million Bought-Deal Public Offering

Provided By GlobeNewswire

Last update: Aug 1, 2023

NOT FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, Aug. 01, 2023 (GLOBE NEWSWIRE) -- TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that it has upsized its previously announced bought-deal public offering (the “Offering”) to $11,000,048 in aggregate gross proceeds. The Company has entered into a revised agreement with Research Capital Corporation as the lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters, including Echelon Wealth Partners Inc., Canaccord Genuity Corp., and Haywood Securities Inc. (collectively, the “Underwriters”), to purchase, as principal on a bought-deal basis, 18,965,600 common shares of the Company (the “Common Shares”) at a price of $0.58 per Common Share.