Touchstone Exploration Inc. Sale of Common Shares and PDMR Shareholding (2823D)
20 Juni 2023 - 8:47AM
UK Regulatory
TIDMTXP
RNS Number : 2823D
Touchstone Exploration Inc.
20 June 2023
SALE OF COMMON SHARES AND DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (June 20, 2023) - Touchstone Exploration Inc. (
" Touchstone " or the " Company " ) (TSX, LSE: TXP) re ports that
non-executive director Dr. Harrie Vredenburg sold 2,600 common
shares of the Company at a price of C$1.01 (approximately 60 pence)
per common share on June 15, 2023, the proceeds of which covered a
portion of the withholding taxes associated with the share option
exercise and initial common share sale previously announced on June
12, 2023.
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail
regarding the above 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 or contact:
Touchstone Exploration Inc.
Paul Baay, President and Chief Executive Tel: +1 (403) 750-4487
Officer
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
Advisory
For reference purposes in this announcement, one British pound
has been translated from Canadian dollars at a rate of 1.69 to
1.00.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulation.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name Harrie Vredenburg
-------------------------- ----------------------------------------
Reason for the notification
2
--------------------------------------------------------------------
a) Position/status Non-executive Director
-------------------------- ----------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ----------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
--------------------------------------------------------------------
a) Name Touchstone Exploration Inc.
-------------------------- ----------------------------------------
b) LEI 2138008URBSUC1J24J73
-------------------------- ----------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 Sale of 2,600 common shares
-------------------------- ----------------------------------------
c) Prices and volumes Effective Price Volume
C$1.01 (c60p) 2,600
-------
-------------------------- ----------------------------------------
d) Aggregated information Aggregated volume: 2,600 common shares
* Aggregated volume sold
Aggregated price: C$1.01 (c60p) each
Aggregated total: C$2,626 (cGBP1,554)
* Price
-------------------------- ----------------------------------------
e) Date of the transaction June 15, 2023
-------------------------- ----------------------------------------
f) Place of the transaction Toronto Stock Exchange
-------------------------- ----------------------------------------
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END
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