Touchstone Exploration Inc. EXERCISE OF SHARE OPTIONS (2091Z)
20 Mai 2021 - 8:00AM
UK Regulatory
TIDMTXP
RNS Number : 2091Z
Touchstone Exploration Inc.
20 May 2021
EXERCISE OF SHARE OPTIONS
CALGARY, ALBERTA (May 20, 2021) - Touchstone Exploration Inc.
("Touchstone" or the "Company") announces that on May 18, 2021, a
non-executive director exercised share options representing a total
of 75,000 common shares of no par value in the Company ( " Common
Shares " ).
Non-executive director Thomas Valentine exercised share options
representing 75,000 Common Shares at a price of C$0.23 per Common
Share (approximately 13.5 pence per Common Share). The share
options were previously granted in 2016 in accordance with the
Company's Share Option Plan.
Application has been made for the 75,000 new Common Shares,
which will rank pari passu with the Company's existing issued share
capital, to be admitted to trading on AIM ("Admission"). These new
Common Shares are expected to be admitted to trading on AIM on May
28, 2021. Immediately following Admission, the Company's issued
share capital will consist of 209,474,627 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 Thomas E. Valentine
-------------------------- ----------------------------------------
2 Reason for the notification
--------------------------------------------------------------------
a) Position/status Non-Executive Director
-------------------------- ----------------------------------------
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 Common Shares of Touchstone Exploration
financial instrument, Inc.
type of instrument
Identification code CA89156L1085
-------------------------- ----------------------------------------
b) Nature of the transaction Exercise of 75,000 common share options
-------------------------- ----------------------------------------
Effective Price Volume
c) Prices and volumes 1 C$0.23 (13.5p) 75,000
---------------- -------
-------------------------- ----------------------------------------
d) Aggregated information Aggregated volume: exercise of 75,000
* Aggregated volume share options
Aggregated price: C$0.23 (13.5p) each
Aggregated total: C$17,250 (GBP10,125)
* Price
-------------------------- ----------------------------------------
e) Date of the transaction 18 May 2021
-------------------------- ----------------------------------------
f) Place of the transaction Off market transaction
-------------------------- ----------------------------------------
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
Advisory
For reference purposes in this announcement, one British pound
has been translated from Canadian dollars at a rate of 1.71 to
1.00.
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END
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