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TAG Oil Files Final Short Form Prospectus and Announces Management Participation in the Public Offering
TAG Oil Files Final Short Form Prospectus and Announces Management Participation in the Public Of...
About this update from Tag Oil Ltd
[{"type":"text","content":"\n\n\n\n\n TAG Oil Files Final Short Form Prospectus and Announces Management Participation in the Public Offering\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 The final short form prospectus is accessible on SEDAR+\n \n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Nov. 12, 2024\n \n\n /CNW/ -\n \n TAG Oil Ltd.\n \n (TSXV: TAO) (OTCQX: TAOIF) (FSE: T0P) (\"\n \n TAG Oil\n \n \" or the \"\n \n Company\n \n \") announces that, further to its news releases dated\n \n October 21\n \n , and\n \n October 23, 2024\n \n , it has filed and obtained a receipt for a final short form prospectus dated\n \n November 12, 2024\n \n (the \"\n \n Final Prospectus\n \n \") with the securities commissions in each of the provinces of Canada, except Quebec, pursuant to its\n \n $10 million\n \n public offering of units of the Company (the \"\n \n Units\n \n \") at a price of\n \n $0.17\n \n per Unit (the \"\n \n Offering\n \n \").\n \n\n\n\n\n\n\n\n\n Certain members of management and directors of the Company are personally intending to participate alongside investors in the Offering for\n \n $1.4 million\n \n , of which\n \n Abby Badwi\n \n , Executive Chairman, intends to subscribe for a sizable amount.\n \n\n The Offering is being led by Research Capital Corporation, as lead agent and sole bookrunner, on behalf of a syndicate of agents, including Beacon Securities Limited, Canaccord Genuity Corp., Haywood Securities Inc., Ventum Financial Corp. and Tennyson Securities (collectively, the \"\n \n Agents\n \n \").\n \n\n Each Unit will consist of one common share of the Company (\"\n \n Common Share\n \n \") and one Common Share purchase warrant (a \"\n \n Warrant\n \n \"). Each Warrant entitles the holder thereof to purchase one Common Share (a \"\n \n Warrant Share\n \n \") at an exercise price equal to $0.25 per Warrant Share at any time up to 24 months following the closing of the Offering.\n \n\n The Company intends to use the net proceeds...