REG - Touchstone Explrtn. - Director/PDMR Shareholding

Touchstone ExplorationAnnouncement

31/03/2022 07:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220331:nRSe7344Ga&default-theme=true

RNS Number : 7344G  Touchstone Exploration Inc.  31 March 2022

 

EXERCISE OF SHARE OPTIONS AND DIRECTOR / PDMR SHAREHOLDING

 

CALGARY, ALBERTA (March 31, 2022) - Touchstone Exploration
Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that certain
employees exercised share options representing a total of 151,800 common
shares of no par value in the Company ("Common Shares") on March 30, 2022.

 

Application has been made for the 151,800 new Common Shares, which will rank
pari passu with the Company's existing issued share capital, to be admitted to
trading on AIM ("Admission"), which is expected on April 5, 2022. Immediately
following Admission, the Company's issued share capital will consist of
210,978,527 Common Shares. The Company does not hold any Common Shares in
treasury. This figure may be used by shareholders to determine if they are
required to notify their interest in, or a change to their interest in, the
Company.

 

Touchstone was informed that on March 30, 2022, Mr. John Wright, Non-executive
Director and Chair of the Board of Directors of the Company, purchased 250,000
Common Shares into a registered retirement savings plan ("RRSP") and
concurrently sold 250,000 Company Common Shares from his personal holdings.
Following this transaction there was no change to Mr. Wright's beneficial
holding, and his interest in the Company remains at 5,010,348 Common Shares,
representing approximately 2.4% of the Company's issued share capital.

 

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

 

 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
 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.   Purchase of Common Shares into a RRSP

                                                                   2.   Sale of Common Shares from a personal holding
 c)   Price(s) and volume(s)                                       Effective Price  Volumes

                                                            1.  C$1.47           250,000
                                                                   2.  C$1.45           250,000
 d)   Aggregated information

      - Aggregated volume                                          N/A (equal purchase and sale)

      - Price
 e)   Date of the transaction                                      March 30, 2022
 f)   Place of the transaction                                     Toronto Stock Exchange

d)

 

Aggregated information

- Aggregated volume

- Price

 

N/A (equal purchase and sale)

e)

Date of the transaction

March 30, 2022

f)

Place of the transaction

Toronto Stock Exchange

 

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 / Michael McGloin
                        Tel: +44 (0) 207 408 4090

 

Canaccord Genuity (Joint Broker)

Adam James / Henry Fitzgerald O'Connor / Thomas
Diehl                       Tel: +44 (0) 207 523 8000

 

Camarco (Financial PR)

Billy Clegg / Emily Hall / Lily
Pettifar
                        Tel: +44 (0) 203 781 8330

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DSHQFLBXLXLFBBQ