SALE OF COMMON SHARES AND
DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (July 5, 2024) -
Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that the
Company's President, Chief Executive Officer and Executive
Director, Mr. Paul Baay, sold an aggregate 12,900
common shares of no par value in the Company
("Common
Shares") on June
27, 2024 and July 3, 2024. The proceeds
from the sale of Common Shares were to satisfy the costs and
withholding taxes associated with Mr. Baay'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. Paul R.
Baay
2. Paul R.
Baay
|
2
|
Reason for the notification
|
a)
|
Position/status
|
1. President, Chief
Executive Officer and Executive Director
2. President, Chief
Executive Officer and Executive Director
|
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 3,500 Common
Shares
2. Sale of 9,400 Common
Shares
|
c)
|
Prices and volumes
|
|
Effective Prices
|
Volumes
|
1.
|
C$0.57 (c32.9p)
|
3,500
|
2.
|
C$0.55 (c31.8p)
|
9,400
|
|
d)
|
Aggregated information
- Aggregated volume
- Price
|
1. Aggregated volume:
3,500 Common Shares
Aggregated price: C$0.57 (c32.9p)
each
Aggregate total: C$1,995 (c£1,152)
2. Aggregated volume:
9,400 Common Shares
Aggregated price: C$0.55 (c31.8p)
each
Aggregate total: C$5,170 (c£2,989)
|
e)
|
Date of the transaction
|
1. June 27,
2024
2. July 3,
2024
|
f)
|
Place of the transaction
|
1. Toronto Stock
Exchange
2. Toronto Stock
Exchange
|