Touchstone Exploration Inc. EXERCISE OF SHARE OPTIONS (9224C)
24 Juni 2021 - 8:00AM
UK Regulatory
TIDMTXP
RNS Number : 9224C
Touchstone Exploration Inc.
24 June 2021
EXERCISE OF SHARE OPTIONS
CALGARY, ALBERTA (June 24, 2021) - Touchstone Exploration Inc.
("Touchstone" or the "Company") reports that on June 15, 2021, our
executive officers exercised an aggregate 700,000 share options
representing 700,000 common shares of no par value in the Company
("Common Shares") which were set to expire on June 16, 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$0.23 (approximately 13.4 pence) per
Common Share.
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 June 25, 2021. Immediately following Admission, the
Company's issued share capital will consist of 210,731,727 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 1. Paul R. Baay
2. Scott Budau
3. James Shipka
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status 1. President, Chief Executive Officer
and Executive Director
2. Chief Financial Officer
3. 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 Common Shares of Touchstone Exploration
financial instrument, Inc.
type of instrument
Identification code CA89156L1085
-------------------------- --------------------------------------------
b) Nature of the transaction 1. Exercise of 300,000 share options
2. Exercise of 200,000 share options
3. Exercise of 200,000 share options
-------------------------- --------------------------------------------
Effective Prices Volumes
c) Prices and volumes 1. C$0.23 (13.4p) 300,000
----------------- --------
2. C$0.23 (13.4p) 200,000
----------------- --------
3. C$0.23 (13.4p) 200,000
----------------- --------
-------------------------- --------------------------------------------
d) Aggregated information 1. Aggregated volume: 300,000 share
* Aggregated volume options exercised
Aggregated price: C$0.23 (13.4p) each
Aggregate total C$69,000 (GBP40,200)
* Price 2. Aggregated volume: 200,000 share
options exercised
Aggregated price: C$0.23 (13.4p) each
Aggregated total: C$46,000 (GBP26,800)
3. Aggregated volume: 200,000 share
options exercised
Aggregated price: C$0.23 (13.4p) each
Aggregated total: C$46,000 (GBP26,800)
-------------------------- --------------------------------------------
e) Date of the transaction 1. 15 June 2021
2. 15 June 2021
3. 15 June 2021
-------------------------- --------------------------------------------
f) Place of the transaction 1. Off market transaction
2. Off market transaction
3. 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 1.72 to
1.00.
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END
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