REG - Touchstone Explrtn. - DIRECTOR / PDMR SHAREHOLDING

Touchstone ExplorationAnnouncement

26/09/2023 17:15

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RNS Number : 7318N  Touchstone Exploration Inc.  26 September 2023

 

DIRECTOR / PDMR SHAREHOLDING

 

CALGARY, ALBERTA (September 26, 2023) - Touchstone Exploration
Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that
non-executive director John D. Wright sold an aggregate 350,300 Company common
shares of no par value ("Common Shares").

 

Mr. Wright sold 58,900 Common Shares at a weighted average price of C$1.06
(approximately 64.2 pence) per Common Share on September 22, 2023 and 291,400
Common Shares at a weighted average price of C$1.02 (approximately 61.8 pence)
per Common Share on September 25, 2023.

 

The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail on the above transactions.

 

Touchstone Exploration Inc.

 

Touchstone Exploration Inc. is a Calgary, Alberta based company engaged in the
business of acquiring interests in petroleum and natural gas rights and the
exploration, development, production and sale of petroleum and natural gas.
Touchstone is currently active in onshore properties located in the Republic
of Trinidad and Tobago. The Company's common shares are traded on the Toronto
Stock Exchange and the AIM market of the London Stock Exchange under the
symbol "TXP".

 

For further information about Touchstone, please visit our website at
www.touchstoneexploration.com (http://www.touchstoneexploration.com/) or
contact:

 

Touchstone Exploration Inc.

Mr. Paul Baay, President and Chief Executive
Officer                 Tel: +1 (403) 750-4487

Mr. Scott Budau, Chief Financial Officer

 

Shore Capital (Nominated Advisor and Joint Broker)

Daniel Bush / Toby Gibbs / Iain
Sexton
Tel: +44 (0) 207 408 4090

 

Canaccord Genuity (Joint Broker)

Adam James / Gordon
Hamilton
   Tel: +44 (0) 207 523 8000

 

FTI Consulting (Financial PR)

Nick Hennis / Ben
Brewerton
Tel: +44 (0) 203 727 1000

Email: touchstone@fticonsulting.com (mailto:touchstone@fticonsulting.com)

 

Advisory

 

For reference purposes in this announcement, one British pound has been
translated from Canadian dollars at a rate of 1.65 to 1.00.

 

 

Notification and public disclosure of transactions by persons discharging
managerial responsibilities and persons closely associated with them in
accordance with the Market Abuse Regulation.

 

 1    Details of the person discharging managerial responsibilities / person closely
      associated
 a)   Name                                                         John D. Wright
 2    Reason for the notification
 a)   Position/status                                              Non-executive Director and Chair
 b)   Initial notification /Amendment                              Initial notification
 3    Details of the issuer, emission allowance market participant, auction
      platform, auctioneer or auction monitor
 a)   Name                                                         Touchstone Exploration Inc.
 b)   LEI                                                          2138008URBSUC1J24J73
 4    Details of the transaction(s): section to be repeated for (i) each type of
      instrument; (ii) each type of transaction; (iii) each date; and (iv) each
      place where transactions have been conducted
 a)   Description of the financial instrument, type of instrument  Common Shares of Touchstone Exploration Inc.

      Identification code

                                                                   CA89156L1085
 b)   Nature of the transaction                                    1.   Sale of 58,900 Common Shares

                                                                   2.   Sale of 291,400 Common Shares
                                                                       Effective Prices  Volumes

                                                            1.  C$1.06 (c64.2p)   58,900
 c)   Prices and volumes                                           2.  C$1.02 (c61.8p)   291,400
 d)   Aggregated information                                       1.   Aggregated volume: 58,900 Common Shares

      -  Aggregated volume                                         Aggregated price: C$1.06 (c64.2p) each

      -  Price                                                     Aggregate total C$62,434 (c£37,814)

                                                                   2.   Aggregated volume: 291,400 Common Shares

                                                                   Aggregated price: C$1.02 (c61.8p) each

                                                                   Aggregated total: C$297,228 (c£180,085)
 e)   Date of the transaction                                      1.   September 22, 2023

                                                                   2.   September 25, 2023
 f)   Place of the transaction                                     1.   Toronto Stock Exchange

                                                                   2.   Toronto Stock Exchange

d)

Aggregated information

-  Aggregated volume

-  Price

1.   Aggregated volume: 58,900 Common Shares

Aggregated price: C$1.06 (c64.2p) each

Aggregate total C$62,434 (c£37,814)

2.   Aggregated volume: 291,400 Common Shares

Aggregated price: C$1.02 (c61.8p) each

Aggregated total: C$297,228 (c£180,085)

e)

Date of the transaction

1.   September 22, 2023

2.   September 25, 2023

f)

Place of the transaction

1.   Toronto Stock Exchange

2.   Toronto Stock Exchange

 

 

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