VANCOUVER,
April 6 /PRNewswire/ - TAG Oil Ltd.
(TSX-V: TAO) and (OTCQX: TAOIF) is pleased to
report the company's common shares have been called to trade on the
premier tier of the OTC market in the
United States, the OTCQX International. The trading symbol
is TAOIF.
The OTCQX platform is a highly visible electronic quotation and
trading venue in the United States
where qualifying companies can enjoy the benefits of increased
international exposure without becoming a reporting company with
the Securities & Exchange Commission under U.S. securities
laws. Trading on the OTCQX International is available to
international issuers such as TAG Oil whose shares meet clear
quantitative standards, and currently trade on a qualifying foreign
stock exchange.
Berenbaum Weinshienk PC will serve as TAG Oil's Principal
American Liaison on OTCQX International, and will be responsible
for providing guidance on OTCQX requirements and compliance with
U.S. securities laws.
The OTCQX trading platform provides TAG Oil with exposure to
both institutional and retail investors through major online and
full-service brokerage firms that facilitate trades through OTCQX
International. Trades are settled and cleared in the United States similar to any NASDAQ or
NYSE stock, and trade reports are disseminated through major
financial data providers.
To view TAG Oil Ltd. on the OTCQX please visit:
http://www.otcmarkets.com/stock/TAOIF/quote
TAG Oil Ltd.
TAG Oil Ltd. (http://www.tagoil.com/) is a Canadian-based
production and exploration company with operations focused
exclusively in New Zealand. With
100% control over all its core assets, including oil and gas
production infrastructure, TAG is anticipating substantial oil and
gas production and reserve growth through development of several
light oil and gas discoveries. TAG is also actively drilling
high-impact exploration prospects identified across 3,500 sections
of land onshore in the lightly explored Taranaki and East Coast
Basins of New Zealand's North
Island.
In the East Coast Basin, TAG Oil has demonstrated and is
pursuing the significant unconventional resource potential
estimated in the fractured shale source-rock formations that are
widespread over the Company's acreage. These oil-rich, naturally
fractured and thermally mature source-rock formations have many
similarities to North America's
Bakken Shale source-rock formation
in the successful Williston Basin.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE TAG Oil Ltd.