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Tag Oil Acquires Common Shares In Coronado Resources

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August 17, 2012

TAG Oil Ltd. (TAO.TO) and (TAOIF), reports that it has acquired 25,975,000 common shares in the capital of Coronado Resources Ltd. (CRD.V) pursuant to a private placement by Coronado, at a price of $0.12 per common share. The common shares acquired by TAG pursuant to the Private Placement represent approximately 40.2% of Coronado's issued and outstanding common shares.

TAG did not own any securities of Coronado prior to the Private Placement.

The common shares acquired by TAG pursuant to the Private Placement were acquired for investment purposes and TAG may, ...


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