TIDMTXP
RNS Number : 6508J
Touchstone Exploration Inc.
23 December 2020
EXERCISE OF SHARE OPTIONS AND SALE OF COMMON SHARES
CALGARY, ALBERTA (December 23, 2020) - Touchstone Exploration
Inc. ("Touchstone" or the "Company") announces that on December 22,
2020, certain executive officers exercised share options
representing a total of 700,000 common shares of no par value in
the Company ( " Common Shares " ), which were set to expire on
January 7, 2021.
As part of this exercise, President and Chief Executive Officer
Paul R. Baay exercised share options representing 300,000 Common
Shares, Chief Financial Officer Scott Budau exercised share options
representing 200,000 Common Shares and Chief Operating Officer
James Shipka exercises share options representing 200,000 Common
Shares, all at a price of C$0.33 (approximately 19 pence) per
Common Share. Further. On December 22, 2020, Mr. Baay sold 300,000
Common Shares, Mr. Budau sold 200,000 Common Shares and Mr. Shipka
sold 200,000 Common Shares at a weighted average price of C$2.01
(approximately 117 pence) per Common Share on the Toronto Stock
Exchange.
Application has been made for the 700,000 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 January 5, 2021. Immediately following Admission, the
Company's issued share capital will consist of 209,399,627 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.
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 instrument, Common Shares of no par value
type of instrument
CA89156L1085
Identification code
-------------------------- -------------------------------------------
b) Nature of the transaction 1. Exercise of 300,000 share options
2. Sale of 300,000 common shares
-------------------------- -------------------------------------------
Prices Volumes
c) Prices and volumes 1 19p each 300,000
---------- --------
2 117p each 300,000
---------- --------
-------------------------- -------------------------------------------
d) Aggregated information 1. Aggregated volume: 300,000 share
options exercised
- Aggregated volume Aggregated price: 19p each
Aggregated total: GBP57,000
2. Aggregated volume: 300,000 common
- Price shares
Aggregated price: 117p each
Aggregated total: GBP351,000
-------------------------- -------------------------------------------
e) Date of the transaction 1. 22 December 2020
2. 22 December 2020
-------------------------- -------------------------------------------
f) Place of the transaction 1. Off market transaction
2. Toronto Stock Exchange
-------------------------- -------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Scott Budau
-------------------------- ------------------------------------------
2 Reason for the notification
a) Position/status Chief Financial 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 instrument, Common Shares of no par value
type of instrument
CA89156L1085
Identification code
-------------------------- ------------------------------------------
b) Nature of the transaction 1. Exercise of 200,000 share options
2. Sale of 200,000 common shares
-------------------------- ------------------------------------------
Prices Volumes
c) Prices and volumes 1 19p each 200,000
---------- --------
2 117p each 200,000
---------- --------
-------------------------- ------------------------------------------
d) Aggregated information 1. Aggregated volume: 200,000 share
options exercised
- Aggregated volume Aggregated price: 19p each
Aggregated total: GBP38,000
- Price 2. Aggregated volume: 200,000 common
shares
Aggregated price: 117p each
Aggregated total: GBP234,000
-------------------------- ------------------------------------------
e) Date of the transaction 1. 22 December 2020
2. 22 December 2020
-------------------------- ------------------------------------------
f) Place of the transaction 1. Off market transaction
2. Toronto Stock Exchange
-------------------------- ------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name James Shipka
-------------------------- ------------------------------------------
2 Reason for the notification
a) Position/status Chief Operating 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 instrument, Common Shares of no par value
type of instrument
CA89156L1085
Identification code
-------------------------- ------------------------------------------
b) Nature of the transaction 3. Exercise of 200,000 share options
4. Sale of 200,000 common shares
-------------------------- ------------------------------------------
Prices Volumes
c) Prices and volumes 1 19p each 200,000
---------- --------
2 117p each 200,000
---------- --------
-------------------------- ------------------------------------------
d) Aggregated information 3. Aggregated volume: 200,000 share
options exercised
- Aggregated volume Aggregated price: 19p each
Aggregated total: GBP38,000
- Price 4. Aggregated volume: 200,000 common
shares
Aggregated price: 117p each
Aggregated total: GBP234,000
-------------------------- ------------------------------------------
e) Date of the transaction 3. 22 December 2020
22 December 2020
-------------------------- ------------------------------------------
f) Place of the transaction 3. Off market transaction
4. 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 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)
Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin Tel: +44 (0) 207 408 4090
Corporate Broking: Jerry Keen
Canaccord Genuity (Joint Broker)
Adam James / Henry Fitzgerald O'Connor / Thomas Diehl Tel: +44
(0) 207 523 8000
Camarco (Financial PR)
Nick Hennis / Billy Clegg Tel: +44 (0) 203 781 8330
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 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 or visit 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.
END
DSHQXLBLBLLZFBV
(END) Dow Jones Newswires
December 23, 2020 02:00 ET (07:00 GMT)
Touchstone Exploration (LSE:TXP)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Touchstone Exploration (LSE:TXP)
Historical Stock Chart
Von Jul 2023 bis Jul 2024