TAG Oil Ltd. Announces Increase in Offering to $60 Million

- October 27th, 2010

TAG Oil Ltd. (CVE:TAO) reports that company has increased the size of the Offering by $10,036,000.

TAG Oil Ltd. (TSXV:TAO) reports that company has increased the size of the Offering by $10,036,000.

The press release is quoted as saying:

The Company has also granted to the Underwriters an over-allotment option, exercisable in whole or in part at any time on or up to 30 days after the closing of the offering, to purchase up to an additional 1,250,000 common shares at the same price for additional gross proceeds of up to $6,500,000. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the Offering will be $60,060,000.

Click here to access the entire press release

Click here to access TAG Oil Corporate Site

Leave a Reply