TAG Oil Ltd. (TSXV: TAO and OTCQX: TAOIF) announces that the release of its annual financial statements for the fiscal year ending March 31, 2020 (the “Annual Financial Statements”) and associated management discussion and analysis (the “MD&A”) will be delayed. The Company will be relying on the 45-day filing and delivery extension for periodic filings required to be made on or before August 31, 2020 as provided by BC Instrument 51-517 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“BCI 51-517”) in respect of:
The Company expects that the above-mentioned filings will be filed on or around August 13, 2020, and in any event within the deadline required for such filings in accordance with BCI 51-517.
There have not been any material business developments since the date of the Company’s interim financial statements and associated MD&A for the interim period ended December 31, 2019, except:
Until such time as the above filings are made, the Company’s management and other insiders are subject to a trading black-out that reflects the principles in section 9 of National Policy 11-207 – Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.
As previously disclosed in TAG’s release dated June 15, 2020 and discussed above, TAG’s common shares are now listed for trading on the TSXV. Going forward, TAG’s interim and annual filings will follow the continuous disclosure filing calendar for venture issuers in accordance with NI 51-102.
About TAG Oil Ltd.
TAG Oil Ltd. (https://tagoil.com/) is a Canadian based international oil and gas explorer with exploration and production assets in Australia and royalty interests in New Zealand.
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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.
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 expected date of the filing of the Company’s Annual Financial Statements and MD&A. 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.