TAG Oil Signs Definitive Agreement to Sell its New Zealand Royalty Interests
TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF, and FSE: T0P) (“TAG Oil” or the “Company”) is pleased to announce that certain of its New Zealand subsidiaries have entered into a definitive asset sale and purchase agreement dated April 7, 2025 (the “Agreement”), for the sale of its New Zealand royalty interests to an arm’s length party (the “Transaction”). Under the terms of the Agreement, the Company will receive up to US$2,500,000, comprising a cash payment of US$2,200,000 at closing, which sum includes a non-refundable deposit of US$50,000, and up to an additional US$300,000 in milestone payments on or before December