TAG Oil Announces Annual General Meeting Voting Results

Rhea-AI Summary

TAG Oil Ltd. (TSXV: TAO, OTCQX: TAOIF) held its 2021 annual general meeting on December 2, 2021. During the virtual meeting, all six nominees for the board of directors were elected, with votes ranging from 99.52% to 99.86% in favor. Deloitte LLP was appointed as the auditor for the upcoming year. Additionally, shareholders approved the incentive stock option plan with a 94.89% vote in favor. TAG Oil focuses on oil and gas exploration, particularly in the Middle East and North Africa.

Positive

• All six director nominees were elected with over 99% of votes in favor.
• Deloitte LLP appointed as the auditor for the upcoming year, ensuring financial oversight.
• Incentive stock option plan approved with 94.89% shareholder support.

Negative

• None.

VANCOUVER, BC, Dec. 2, 2021 /PRNewswire/ - TAG Oil Ltd. ("TAG Oil" or the "Company") (TSXV: TAO) (OTCQX: TAOIF) is pleased to announce the results from its 2021 annual general meeting of shareholders (the "Meeting") held virtually today. 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 5, 2021 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	17,200,842	99.61	67,213	0.39
Toby Pierce	17,211,079	99.67	56,976	0.33
Keith Hill	17,185,651	99.52	82,404	0.48
Shawn Reynolds	17,235,900	99.81	32,155	0.19
Thomas Hickey	17,243,351	99.86	24,704	0.14
Gavin Wilson	17,209,511	99.66	58,544	0.34

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 94.89% 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 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-301436702.html

SOURCE TAG Oil Ltd.

FAQ

What were the results of TAG Oil's annual general meeting on December 2, 2021?

All six director nominees were elected with over 99% support, Deloitte LLP was appointed as the auditor, and the incentive stock option plan received 94.89% approval.

Who were the elected directors at TAG Oil's annual general meeting?

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

What percentage of votes approved the incentive stock option plan at TAG Oil?

The incentive stock option plan was approved with 94.89% of votes in favor.

When was TAG Oil's annual general meeting held?

TAG Oil's annual general meeting was held on December 2, 2021.

What is the ticker symbol for TAG Oil?

The ticker symbol for TAG Oil is TAOIF on OTCQX and TAO on TSXV.