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TAG Oil Announces $5 Million Brokered LIFE Offering to Advance Unconventional Development Activities on its Large Oil-In-Place Resource Play at BED-1 and SERQ Concessions, Egypt
Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents (together, the "Agents"), in connection with a brokered, best-efforts listed issuer financing exemption private placement offering (the "Offering") of units of the Company (the...
About this update from Tag Oil Ltd
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - February 2, 2026) - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) (FSE: T0P) ("TAG Oil" or the "Company") is pleased to announce that it has entered into an agreement with Research Capital Corporation as the lead agent and sole bookrunner, on behalf of a syndicate of agents (together, the "Agents"), in connection with a brokered, best-efforts listed issuer financing exemption private placement offering (the "Offering") of units of the Company (the "Units") at a price of $0.10 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to $5,000,000.","length":675,"tagName":"p"},{"type":"text","content":"Each Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to purchase one Common Share at an exercise price of $0.13 per Common Share for a period of 48 months following the closing of the Offering. In addition, the Company will use commercially reasonable efforts to obtain the necessary approvals to list the Warrants on the TSX Venture Exchange (the "Exchange").","length":513,"tagName":"p"},{"type":"text","content":"In connection with the Offering, it is expected that certain members of management and directors of the Company and other president's list investors will be subscribing in the Offering alongside other investors.","length":215,"tagName":"p"},{"type":"text","content":"The Company will grant the Agents an option (the "Agents' Option") to increase the size by up to an additional 15% of the number of Units sold in the Offering, by giving written notice of the exercise of the Agents' Option, or a part thereof, to the Company at any time up to two (2) business days prior to closing of the Offering.","length":349,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering to advance appraisal and development activities at both the Badr Oil Field ("BED-1") and the Southeast Ras Qattara concessions ("SERQ"), in the Western Desert, Egypt and for working capital and general corporate purposes.","length":301,"tagName":"p"},{"type":"text","content":"Activities to be advanced with the fi...