TAG Oil Ltd.


Closed the issuance of about 23 million units priced at 65 Canadian cents each via short form prospectus offering. Units issued by a syndicate of agents co-led by Mackie Research Capital Corp. and Pareto Securities Ltd. and including Eight Capital, GMP Securities LP, Roth Capital Partners LLC, TD Securities Inc., M Partners Inc. and PillarFour Securities LLP. Due to offering being upsized, the agents’ overallotment option was removed. Each unit consists of one common share of half of one share purchase warrant. Warrants received conditional approval to trade on Toronto Stock Exchange. Certain insiders participated in the offering by purchasing an aggregate of about 1.67 million units in a related party transaction under applicable Canadian securities laws.

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