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NOT FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 12, 2022 (GLOBE NEWSWIRE) — TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (“ TAG Oil ” or the “ Company ”) is pleased to announce that due to strong investor demand it has upsized its previously announced overnight marketed public offering (the “ Offering ”) of common shares (the “ Common Shares ”) from $20 million to $22 million in gross proceeds. The Company has entered into an underwriting agreement with a syndicate of underwriters led by Research Capital Corporation, as co-lead underwriter and sole-bookrunner and Echelon Capital Markets, as co-lead underwriter and Tennyson Securities (collectively, the “ Underwriters ”) for the sale of 55,000,000 Common Shares at a price of C$0.40 per Common Share for aggregate gross proceeds of C$22 million, not including any exercise of the Over-Allotment Option described below. Certain directors and officers of the Company will be participating alongside investors in the Offering. The Company has granted the Underwriters an option, exercisable in whole or in part, at the sole discretion of the Underwriters, at any time from time to time for a period of 30 days from and including the closing of the […]
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