TAG Oil Announces $10 Million Bought-Deal Public Offering

Provided By GlobeNewswire

Last update: Jul 31, 2023

NOT FOR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, July 31, 2023 (GLOBE NEWSWIRE) -- TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) (“TAG Oil” or the “Company”) is pleased to announce that it has entered into an 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, 17,250,000 common shares of the Company (the “Common Shares”) at a price of $0.58 per Common Share for aggregate gross proceeds to the Company of $10,005,000 (the “Offering”).