NEW ZEALAND

TAG looking to fill its coffers

NEW Zealand-focused Canadian junior TAG Oil is aiming to raise over $C17 million ($A18.3 million) to fund its onshore Taranaki and East Coast exploration and development programs over the next 12-18 months.

The company announced last night that it had entered into an agreement with a syndicate of underwriters to raise $C17,420,000 by selling 6.7 million units, at $C2.60 per unit. Each unit consists of...

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