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RNS Number : 3231R Touchstone Exploration Inc. 26 October 2023
DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (October 26, 2023) - Touchstone Exploration
Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that the
Company's officers sold an aggregate 327,000 Company common shares of no par
value ("Common Shares") on October 25, 2023. The proceeds from the sale of
Common Shares were to satisfy the costs and withholding taxes associated with
the Company's officer share option exercises announced on September 21, 2023.
The notification below, made in accordance with the requirements of the UK
Market Abuse Regulation, provides further detail regarding the 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)
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 1. Paul R. Baay
2. Scott Budau
3. James Shipka
2 Reason for the notification
a) Position/status 1. Director, President and Chief Executive Officer
2. Chief Financial Officer
3. Chief Operating Officer
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 131,000 Common Shares
2. Sale of 86,000 Common Shares
3. Sale of 110,000 Common Shares
Effective Prices Volumes
1. 54p 131,000
c) Prices and volumes 2. 54p 86,000
3. 54p 110,000
d) Aggregated information 1. Aggregated volume: 131,000 Common Shares
- Aggregated volume Aggregated price: 54p each
- Price Aggregate total £70,740
2. Aggregated volume: 86,000 Common Shares
Aggregated price: 54p each
Aggregated total: £46,440
3. Aggregated volume: 110,000 Common Shares
Aggregated price: 54p each
Aggregated total: £59,400
e) Date of the transaction 1. October 25, 2023
2. October 25, 2023
3. October 25, 2023
f) Place of the transaction 1. AIM
2. AIM
3. AIM
d)
Aggregated information
- Aggregated volume
- Price
1. Aggregated volume: 131,000 Common Shares
Aggregated price: 54p each
Aggregate total £70,740
2. Aggregated volume: 86,000 Common Shares
Aggregated price: 54p each
Aggregated total: £46,440
3. Aggregated volume: 110,000 Common Shares
Aggregated price: 54p each
Aggregated total: £59,400
e)
Date of the transaction
1. October 25, 2023
2. October 25, 2023
3. October 25, 2023
f)
Place of the transaction
1. AIM
2. AIM
3. AIM
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