Le Lézard
Classified in: Oil industry
Subject: PER

TAG Oil Announces Director Resignation and Stock Option Grants


VANCOUVER, BC, Sept. 25, 2020 /CNW/ - TAG Oil Ltd. (TSXV: TAO) and (OTCQX: TAOIF) announces the following corporate updates.

Board of Directors

Mr. Peter Loretto has resigned from his position as a non-executive director of the Company for personal reasons. TAG's management and its board of directors would like to sincerely thank Mr. Loretto for his many contributions and commitment during his time with the Company.

The Company's board of directors now consists of Messrs. Abdel (Abby) Badwi (Executive Chairman), Toby Pierce (CEO), Shawn Reynolds, Thomas Hickey, Keith Hill, and Gavin Wilson.

Stock Options

TAG also announces the grant of 775,000 stock options that are exercisable for a period of five years at a price of C$0.25 per share to various officers, directors, and staff members. The options fully vested on the grant date. This is part of TAG's ongoing strategy of granting share options to attract and retain talent, as well as motivating its team to work towards ensuring the success and value creation at TAG.

About TAG Oil Ltd. 

TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian based international oil and gas explorer with exploration and production assets in Australia.

Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws, including statements with regard to the Company's operations. These statements address future events and conditions and are reliant on assumptions made by the Company's management, and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. As a result of these risks and uncertainties, and the assumptions underlying the forward-looking information, actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement, except as required by applicable law.

SOURCE TAG Oil Ltd.


These press releases may also interest you

at 18:39
Ensign Energy Services Inc. ("Ensign" or "the Company") is scheduled to release its third quarter 2020 results before the markets open on Thursday, November 5, 2020.  A conference call and webcast has been scheduled for 10:00AM MST (12:00PM EST) on...

at 18:25
Highwood Oil Company Ltd. ("Highwood" or the "Company") today announces that its Board of Directors has initiated a process to identify, examine and consider strategic and financial alternatives available to the Company with the ultimate view of...

at 18:12
MEG Energy Corp. ("MEG" or the "Corporation") reported its third quarter of 2020 operational and financial results. MEG continues to proactively respond to the safety and financial challenges associated with the...

at 18:00
Western Energy Services Corp. ("Western" or the "Company") announces the release of its third quarter 2020 financial and operating results.  Additional information relating to the Company, including the Company's financial statements and...

at 18:00
Econnex, 24 October 2020: Econnex have launched an energy comparison tool that makes it easy for Australian households to compare energy provider prices at a glance, potentially saving hundreds of dollars in the process. Big changes have been...

at 17:46
Sunoco LP ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the third quarter of 2020 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The...



News published on 25 september 2020 at 09:00 and distributed by: