TIDMTXP
RNS Number : 8757H
Touchstone Exploration Inc.
11 April 2022
EXERCISE OF SHARE OPTIONS AND DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (April 11, 2022) - Touchstone Exploration Inc.
("Touchstone" or the "Company") (TSX, LSE: TXP) reports that our
executive officers, a non-executive director and certain employees
exercised share options representing an aggregate 901,300 common
shares of no par value in the Company ( " Common Shares " ) on
April 8, 2022.
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 exercised share options representing 200,000 Common
Shares, all at a price of C$0.14 (approximately 8.5 pence) per
Common Share. The share options exercised by our executive officers
were issued in 2017 in accordance with the Company's shareholder
approved stock option plan and were set to expire on April 9, 2022.
In addition, non-executive director Stanley T. Smith exercised
share options representing 127,500 Common Shares at a price of
C$0.23 (approximately 14 pence) per Common Share.
Application has been made for the 901,300 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 14, 2022. Immediately following Admission, the
Company's issued share capital will consist of 212,275,327 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.
Touchstone was informed that on April 8, 2022, Mr. John Wright,
Non-executive Director and Chair of the Board of Directors of the
Company, purchased 250,000 Common Shares into a registered
retirement savings plan ("RRSP") and concurrently sold 250,000
Company Common Shares from his personal holdings. Following this
transaction there was no change to Mr. Wright's beneficial holding,
and his interest in the Company remains at 5,010,348 Common Shares,
representing approximately 2.4% of the Company's issued share
capital.
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail on 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.
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.
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. Paul R. Baay
2. Scott Budau
3. James Shipka
4. Stanley T. Smith
5. John D. Wright
6. John D. Wright
-------------------------- -------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. Chief Operating Officer
4. Non-executive Director
5. Non-executive Director
6. 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 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
4. Exercise of 127,500 share options
5. Purchase of common shares into a RRSP
6. Sale of common shares from a personal
holding
-------------------------- -------------------------------------------------
Effective Prices Volumes
c) Prices and volumes 1. C$0.14 (8.5p) 300,000
----------------- --------
2. C$0.14 (8.5p) 200,000
----------------- --------
3. C$0.14 (8.5p) 200,000
----------------- --------
4. C$0.23 (14p) 127,500
----------------- --------
5. C$1.52 (92.5p) 250,000
----------------- --------
6. C$1.50 (91.7p) 250,000
----------------- --------
-------------------------- -------------------------------------------------
d) Aggregated information 1. Aggregated volume: 300,000 share options
* Aggregated volume exercised
Aggregated price: C$0.14 (8.5p) each
Aggregate total C$42,000 (GBP25,500)
* Price 2. Aggregated volume: 200,000 share options
exercised
Aggregated price: C$0.14 (8.5p) each
Aggregated total: C$28,000 (GBP17,000)
3. Aggregated volume: 200,000 share options
exercised
Aggregated price: C$0.14 (8.5p) each
Aggregated total: C$28,000 (GBP17,000)
4. Aggregated volume: 127,500 share options
exercised
Aggregated price: C$0.23 (14p) each
Aggregated total: C$29,325 (GBP17,850)
5. N/A (equal purchase and sale)
6. N/A (equal purchase and sale)
-------------------------- -------------------------------------------------
e) Date of the transaction 1. April 8, 2022
2. April 8, 2022
3. April 8, 2022
4. April 8, 2022
5. April 8, 2022
6. April 8, 2022
-------------------------- -------------------------------------------------
f) Place of the transaction 1. Off market transaction
2. Off market transaction
3. Off market transaction
4. Off market transaction
5. Toronto Stock Exchange
6. Toronto Stock Exchange
-------------------------- -------------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
DSHDBLFFLZLZBBX
(END) Dow Jones Newswires
April 11, 2022 02:01 ET (06:01 GMT)
Touchstone Exploration (LSE:TXP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Touchstone Exploration (LSE:TXP)
Historical Stock Chart
From Apr 2023 to Apr 2024
