Touchstone Exploration Inc. EXERCISE OF SHARE OPTIONS (0447H)
April 01 2022 - 12:22PM
UK Regulatory
TIDMTXP
RNS Number : 0447H
Touchstone Exploration Inc.
01 April 2022
EXERCISE OF SHARE OPTIONS
CALGARY, ALBERTA (April 1, 2022) - Touchstone Exploration Inc.
("Touchstone" or the "Company") (TSX, LSE: TXP) announces that on
March 31, 2022, non-executive director Stanley Smith exercised
share options representing a total of 185,000 common shares of no
par value in the Company ( " Common Shares") at a weighted average
price of C$0.23 (approximately 14 pence) per Common Share. The
share options were previously granted in 2017 and 2018 in
accordance with the Company's Share Option Plan.
Application has been made for the 185,000 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 April 7, 2022. Immediately following Admission, the
Company's issued share capital will consist of 211,163,527 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 the 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 Stanley Smith
-------------------------- -----------------------------------------
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 no par value
financial instrument,
type of instrument
CA89156L1085
Identification code
-------------------------- -----------------------------------------
b) Nature of the transaction Exercise of 185,000 common share options
-------------------------- -----------------------------------------
c) Price(s) and volume(s) Effective Price Volume
1. C$0.21 (12.8p) 92,500
---------------- -------
2. C$0.25 (15.2p) 92,500
---------------- -------
-------------------------- -----------------------------------------
d) Aggregated information Aggregated volume: exercise of 185,000
- Aggregated volume share options
- Price Aggregated price: C$0.23 (14p) each
Aggregated total: C$42,550 ( GBP25,945)
-------------------------- -----------------------------------------
e) Date of the transaction 31 March 2022
-------------------------- -----------------------------------------
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)
Daniel Bush / Toby Gibbs / Michael McGloin Tel: +44 (0) 207 408
4090
Canaccord Genuity (Joint Broker)
Adam James / Henry Fitzgerald O'Connor / Thomas Diehl Tel: +44
(0) 207 523 8000
Camarco (Financial PR)
Billy Clegg / Emily Hall / Lily Pettifar 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 1.64 to
1.00.
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END
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