Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

YF Limited Purchases Common Shares of TAG Oil Ltd.

YF Limited (“YF”) announced today that, on December 29, 2017, it acquired 293,500 common shares of TAG Oil Ltd. (“TAG”) (TSX: TAO) through the facilities of the Toronto Stock Exchange at a price of C$0.4096 per share, for total consideration of C$120,222.60.

The purchased shares, together with the 8,408,000 common shares of TAG previously held by YF, resulted in YF having beneficial ownership of approximately 10.2% of TAG’s outstanding common shares. As the result of multiple purchases of TAG common shares through the facilities of the Toronto Stock Exchange between June 6, 2018 and June 18, 2018, YF acquired a further 1,422,500 TAG common shares representing, in the aggregate, an additional 1.67% of TAG’s outstanding common shares.

These additional common shares were acquired for aggregate consideration of C$554,111.49, being an average price of C$0.3895 per common share. As a result of YF’s acquisition of the additional 1,422,500 common shares, its ownership interest increased to represent approximately 11.87% of TAG’s outstanding common shares. On June 19, 2018, YF acquired 110,500 TAG common shares through the facilities of the Toronto Stock Exchange at a price of C$0.38 per share, for total consideration of C$41,990.00. The purchased shares, together with the 10,124,000 common shares of TAG previously held by YF, resulted in YF having beneficial ownership of approximately 12.0% of TAG’s outstanding common shares. As the result of multiple further purchases of TAG common shares through the facilities of the Toronto Stock Exchange between June 20, 2018 and June 26, 2018, YF acquired a further 42,000 TAG common shares representing, in the aggregate, an additional 0.05% of TAG’s outstanding common shares. These additional common shares were acquired for aggregate consideration of C$15,915.00, being an average price of C$0.3789 per common share. As a result of YF’s acquisition of the additional 42,000 common shares, its ownership interest increased to represent approximately 12.05% of TAG’s outstanding common shares.

Prior to the December 29, 2017 transaction, YF owned 8,408,000 common shares, representing approximately 9.86% of TAG’s outstanding common shares. As a result of the December 29, 2017 transaction, YF beneficially owned 8,701,500 common shares, representing approximately 10.2% of TAG’s outstanding common shares. Following YF’s acquisition of a further 1,422,500 common shares between June 6, 2018 and June 18, 2018, YF beneficially owned 10,124,000 common shares, representing approximately 11.87% of TAG’s outstanding common shares. As a result of the June 19, 2018 transaction, YF beneficially owned 10,234,500 common shares, representing approximately 12.0% of TAG’s outstanding common shares. Following YF’s acquisition of a further 42,000 common shares between June 20, 2018 and June 26, 2018, YF beneficially owned 10,276,500 common shares, representing approximately 12.05% of TAG’s outstanding common shares.

The common shares of TAG were acquired by YF for investment purposes. YF will continue to review the performance of and prospects for this investment and investment alternatives. YF may take actions in the future in respect of its security holdings in TAG based on the then existing facts and circumstances, which actions could include, without limitation, acquisitions or dispositions of TAG common shares, whether in the open market, by privately negotiated agreement or otherwise.

YF’s head office is located at Market Square, 3rd Floor, Yamraj Building, P.O. Box 3175, Road Town, Tortola, British Virgin Islands. TAG’s head office is located at 2040-885 West Georgia Street, Vancouver, British ColumbiaV6C 3E8.

This press release is being issued pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues which requires a report to be filed under TAG’s profile on SEDAR (www.sedar.com) containing further information respecting the foregoing matters.