Business
TAG Oil Announces Filing of Final Prospectus and Update to Previously Announced $22 Million Underwritten Offering of Common Shares
TAG Oil Announces Filing of Final Prospectus and Update to Previously Announced $22 Milli...
About this update from Tag Oil Ltd
[{"type":"text","content":"\n \n \n \n TAG Oil Announces Filing of Final Prospectus and Update to Previously Announced $22 Million Underwritten Offering of Common Shares\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n /NOT FOR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n \n \n \n \n TSXV: TAO\n \n \n \n \n \n \n VANCOUVER\n \n , BC­\n \n ,\n \n \n Oct. 28, 2022\n \n \n /CNW/ -\n \n TAG Oil Ltd.\n \n (TSXV: TAO) (OTCQX: TAOIF) (\"\n \n TAG Oil\n \n \" or the \"\n \n Company\n \n \") is pleased to announce that it has filed and obtained a receipt for its final short form prospectus with the securities regulatory authorities in each of the provinces of\n \n Canada\n \n (other than Québec) in relation to its previously announced underwritten public offering (the \"\n \n Offering\n \n \") of common shares for\n \n $22 million\n \n in gross proceeds.\n \n \n The Offering is expected to close on or about\n \n November 3, 2022\n \n , or such other date as the Company and the Underwriters may agree. Closing of the Offering is subject to customary closing conditions, including, but not limited to, the receipt of all necessary regulatory approvals, including the approval of the securities regulatory authorities and the TSX Venture Exchange.\n \n \n The Company hereby expressly advises any investor to disregard the statement in its Annual Information Form for fiscal 2022 that it \"does not have access to the information that would allow it to determine the amount of reserves, if any, attributable to the NZ Assets.\" TAG Oil has provided an undertaking to the British Columbia Securities Commission that within 30 days of the date of the final prospectus it will amend and restate its annual information form, including its annual filings under National Instrument 51-101\n \n Standards of Disclosure for Oil and Gas Activities\n \n (\"NI 51-101\") in compliance with section 2.1 of NI 51-101, including for certainty providing a report in accordance  with Form 51-101F2 by a qualified reserves evaluator that is ind...