Touchstone Exploration Inc. Notification of Transaction by Director / PDMR (7164Z)
19 Dezember 2017 - 8:00AM
UK Regulatory
TIDMTXP
RNS Number : 7164Z
Touchstone Exploration Inc.
19 December 2017
19 December 2017
Touchstone Exploration Inc.
("Touchstone" or the "Company")
Notification of Transaction by Director / PDMR
Exercise of Incentive Share Options & Sale of Common
Shares
Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas
exploration and production company active in the Republic of
Trinidad and Tobago, announces that on 18 December 2017, Paul R.
Baay, President and Chief Executive Officer, exercised incentive
share options over 100,000 common shares in the Company at a price
of C$0.05 per share (approximately 2.9 pence per share). These
incentive share options were granted in accordance with the
Company's incentive share option plan. Mr. Baay subsequently sold
100,000 common shares at a price of C$0.20 per share (approximately
11.7 pence per share).
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
1 Details of the person discharging managerial
responsibilities / person closely associated
----- -------------------------------------------------------------
a) Name Paul R. Baay
----- ------------------------ -----------------------------------
2 Reason for the notification
----- -------------------------------------------------------------
a) Position/status President and Chief Executive
Officer
----- ------------------------ -----------------------------------
b) Initial notification Initial notification
/Amendment
----- ------------------------ -----------------------------------
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 Common Shares of no par value
instrument, type
of instrument CA89156L1085
Identification
code
----- ------------------------ -----------------------------------
b) Nature of the Exercise of 100,000 incentive
transaction share options and sale of 100,000
common shares
----- ------------------------ -----------------------------------
Prices Volumes
c) Prices and volumes ----------- ------------------
2.9p each 100,000 incentive
share options
----------- ------------------
11.7p each 100,000 common
shares
----------- ------------------
----- ------------------------ -----------------------------------
d) Aggregated information
- Aggregated 100,000 incentive share options
volume exercised
100,000 common shares sold
- Price Purchase: 2.9p each
Sale: 11.7p each
----- ------------------------ -----------------------------------
e) Date of the transaction 18 December 2017
----- ------------------------ -----------------------------------
f) Place of the Toronto Stock Exchange
transaction
----- ------------------------ -----------------------------------
For further information, please 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)
Nominated Adviser: Edward Mansfield / Mark Percy Tel: +44 (0) 20
7408 4090 Corporate Broking: Jerry Keen
GMP FirstEnergy (Joint Broker)
Jonathan Wright / Hugh Sanderson Tel: +44 (0) 207448 0200
Camarco (Financial PR)
Nick Hennis / Billy Clegg / Jane Glover Tel: +44 (0) 203 757
4980
About Touchstone
Touchstone Exploration Inc. is a Calgary 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".
Advisories
For reference purposes in this announcement, one British pound
has been translated from Canadian dollars at a rate of 1.00 to
1.72.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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