NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN,
INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION
25
September 2024
Touchstone Exploration Inc.
("Touchstone")
Lapsing of offer for Trinity
Exploration & Production plc
CALGARY, ALBERTA - Further to
Touchstone's announcement of 19 September 2024, the board of
directors of Touchstone (the "Touchstone Board") notes Trinity
Exploration & Production plc's announcement earlier today that
the Touchstone Scheme has now been withdrawn.
Accordingly, the Touchstone Board
confirms that, with the Takeover Panel's consent, the Acquisition
has now lapsed and the Co-operation Agreement has automatically
terminated in accordance with its terms.
Capitalised terms used but not
defined in this announcement have the meanings given to them in the
shareholder circular published by Trinity in connection with the
Scheme on 24 May 2024 (the "Touchstone Scheme
Document").
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 / Charlie
Hammond
Tel: +44 (0) 207 523 8000
FTI
Consulting (Financial PR)
Nick Hennis / Ben Brewerton
Tel: +44 (0) 203 727 1000
Email: touchstone@fticonsulting.com