TAG Oil Announces Annual General Meeting Voting Results

Rhea-AI Summary

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) announced the results from its 2022 annual general meeting held in Vancouver, BC. Shareholders voted in favor of all six nominees for the board of directors, with votes ranging from 99.62% to 99.88%. Deloitte LLP was appointed as the company's auditor for the upcoming year, and the incentive stock option plan received 74.22% approval. TAG Oil focuses on oil and gas exploration in the Middle East and North Africa.

Positive

• All six board nominees were elected with high approval rates ranging from 99.62% to 99.88%.
• Appointment of Deloitte LLP as auditor assures professional oversight.
• The incentive stock option plan was approved with 74.22% of votes in favor, aligning interests of management and shareholders.

Negative

• None.

VANCOUVER, BC, Dec. 1, 2022 /PRNewswire/ - TAG Oil Ltd. (TSXV: TAO) (OTCQX: TAOIF) ("TAG Oil" or the "Company")  is pleased to announce the results from its 2022 annual general meeting of shareholders (the "Meeting") held today in Vancouver, B.C. Shareholders voted as follows on the matters before the Meeting.

Election of Directors

All six (6) of the nominees listed in TAG Oil's management information circular dated November 2, 2022 that were proposed by management for election to the board of directors at the Meeting were duly elected. The directors will remain in office until the next annual meeting of the Company's shareholders or until their successors are elected or appointed.    

The results of the vote on the election of the directors at the Meeting are as follows:

Nominee	For	% For	Withheld	% Withheld
Abby Badwi	24,182,971	99.62	91,123	0.38
Toby Pierce	24,245,614	99.88	28,480	0.12
Keith Hill	24,182,958	99.62	91,136	0.38
Shawn Reynolds	24,183,063	99.62	91,031	0.38
Thomas Hickey	24,182,289	99.62	91,805	0.38
Gavin Wilson	24,245,254	99.88	28,840	0.12

Appointment of Auditors

Shareholders appointed Deloitte LLP as auditor of the Company for the upcoming year and authorized the directors of the Company to fix the remuneration of the auditor.

Approval of Stock Option Plan

The Company's incentive stock option plan, and amendments thereto, were approved by shareholders with 74.22% of shares represented at the Meeting voting in favour.

About TAG Oil Ltd.

TAG Oil (http://www.tagoil.com/) is a Canadian based international oil and gas exploration company with a focus on operations and opportunities in the Middle East and North Africa.

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 and potential strategic opportunities. 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.

View original content:https://www.prnewswire.com/news-releases/tag-oil-announces-annual-general-meeting-voting-results-301692095.html

SOURCE TAG Oil Ltd.

FAQ

What were the results of TAG Oil's annual general meeting on December 1, 2022?

TAG Oil's annual general meeting resulted in the election of all six proposed board nominees and the appointment of Deloitte LLP as the auditor.

What percentage of shareholders approved the stock option plan at TAG Oil's meeting?

The stock option plan was approved by 74.22% of shares represented at the meeting.

Who are the elected directors of TAG Oil as of December 1, 2022?

The elected directors include Abby Badwi, Toby Pierce, Keith Hill, Shawn Reynolds, Thomas Hickey, and Gavin Wilson.

What is the focus of TAG Oil Ltd.?

TAG Oil is focused on oil and gas exploration in the Middle East and North Africa.