VANCOUVER, April 6 /CNW/ - 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.
