SALE OF COMMON SHARES AND
DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (June 28, 2024) -
Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that the
Company's Chief Financial Officer, Mr. Scott Budau, sold an
aggregate 147,000 common shares of no par
value in the Company ("Common Shares") from June 24, 2024 through June 27, 2024.
The proceeds from the sale of Common Shares were
to partially satisfy the costs and withholding taxes associated
with the Mr. Budau's share option exercise announced on June 3,
2024.
The notification below, made in
accordance with the requirements of the UK Market Abuse Regulation,
provides further detail regarding the transactions noted
above.
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
Officer
Tel: +1 (403) 750-4487
Scott Budau, Chief Financial
Officer
Shore Capital (Nominated Advisor and Joint
Broker)
Daniel Bush / Toby Gibbs / Tom
Knibbs
Tel: +44 (0) 207 408 4090
Canaccord Genuity (Joint Broker)
Adam James / Ana
Ercegovic
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 1.73 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.
|
1
|
Details of the person discharging managerial responsibilities
/ person closely associated
|
|
a)
|
Name
|
1. Scott
Budau
2. Scott
Budau
3. Scott
Budau
4. Scott
Budau
|
|
2
|
Reason for the notification
|
|
a)
|
Position/status
|
1. Chief Financial
Officer
2. Chief Financial
Officer
3. Chief Financial
Officer
4. Chief Financial
Officer
|
|
b)
|
Initial notification
/Amendment
|
Initial notification
|
|
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, type of instrument
Identification code
|
Common Shares of Touchstone
Exploration Inc.
CA89156L1085
|
|
b)
|
Nature of the transaction
|
1. Sale of 17,000 Common
Shares
2. Sale of 50,000 Common
Shares
3. Sale of 25,000 Common
Shares
4. Sale of 55,000 Common
Shares
|
|
c)
|
Prices and volumes
|
|
|
Effective Prices
|
Volumes
|
|
1.
|
C$0.55 (c31.8p)
|
17,000
|
|
2.
|
C$0.55 (c31.8p)
|
50,000
|
|
3.
|
C$0.55 (c31.8p)
|
25,000
|
|
4.
|
C$0.55 (c31.8p)
|
55,000
|
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
1. Aggregated volume:
17,000 Common Shares
Aggregated price: C$0.55 (c31.8p)
each
Aggregate total: C$9,350 (c£5,406)
2. Aggregated volume:
50,000 Common Shares
Aggregated price: C$0.55 (c31.8p)
each
Aggregate total: C$27,500 (c£15,900)
3. Aggregated volume:
25,000 Common Shares
Aggregated price: C$0.55 (c31.8p)
each
Aggregate total: C$13,750 (c£7,950)
4. Aggregated volume:
55,000 Common Shares
Aggregated price: C$0.55 (c31.8p)
each
Aggregate total: C$30,250 (c£17,490)
|
|
e)
|
Date of the transaction
|
1. June 24,
2024
2. June 25,
2024
3. June 26,
2024
4. June 27,
2024
|
|
f)
|
Place of the transaction
|
1. Toronto Stock
Exchange
2. Toronto Stock
Exchange
3. Toronto Stock
Exchange
4. Toronto Stock
Exchange
|