Touchstone Exploration Inc. EXERCISE OF SHARE OPTIONS (2524B)
09 Junio 2021 - 1:00AM
UK Regulatory
TIDMTXP
RNS Number : 2524B
Touchstone Exploration Inc.
09 June 2021
EXERCISE OF SHARE OPTIONS
CALGARY, ALBERTA (June 9, 2021) - Touchstone Exploration Inc.
("Touchstone" or the "Company") announces that on June 3, 2021 and
June 4, 2021, non-executive directors exercised share options
representing a total of 207,500 common shares of no par value in
the Company ( " Common Shares " ).
On June 3, 2021, Non-executive director John D. Wright exercised
share options representing 112,500 Common Shares at a price of
C$0.23 per Common Share (approximately 13.5 pence per Common
Share). On June 4, 2021, Non-executive director Peter Nicol
exercised share options representing 95,000 Common Shares at a
price of C$0.15 per Common Share (approximately 8.8 pence per
Common Share).
Application has been made for the 207,500 new Common Shares,
which will rank pari passu with the Company's existing issued share
capital, to be admitted to trading on AIM. 112,500 new Common
Shares are expected to be admitted to trading on AIM on June 10,
2021 ("First Admission") and 95,000 new Common Shares are expected
to be admitted to trading on AIM on June 11, 2021 ("Second
Admission"). Immediately following First Admission, the Company's
issued share capital will consist of 209,915,927 Common Shares.
Immediately following Second Admission, the Company's issued share
capital will consist of 210,010,927 Common Shares. The Company does
not hold any Common Shares in treasury. These figures 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
following First Admission and Second Admission, respectively.
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 1. John D. Wright
2. Peter Nicol
-------------------------- -----------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------
a) Position/status 1. Non-Executive Director
2. 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 112,500 common share
options
2. Exercise of 95,000 common share options
-------------------------- -----------------------------------------------
Effective Prices Volumes
c) Prices and volumes 1. C$0.23 (13.5p) 112,500
----------------- --------
2. C$0.15 (8.8p) 95,000
----------------- --------
-------------------------- -----------------------------------------------
d) Aggregated information 1. Aggregated volume: exercise of 112,500
* Aggregated volume share options
Aggregated price: C$0.23 (13.5p) each
Aggregated total: C$25,875 (GBP15,187.50)
* Price
2. Aggregated volume: exercise of 95,000
share options
Aggregated price: C$0.15 (8.8p) each
Aggregated total: C$14,250 (GBP8,360)
-------------------------- -----------------------------------------------
e) Date of the transaction 1. 3 June 2021
2. 4 June 2021
-------------------------- -----------------------------------------------
f) Place of the transaction 1. Off market transaction
2. 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)
Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin Tel: +44 (0) 207 408 4090
Corporate Broking: Jerry Keen
Canaccord Genuity (Joint Broker)
Adam James / Henry Fitzgerald O'Connor / Thomas Diehl Tel: +44
(0) 207 523 8000
Camarco (Financial PR)
Nick Hennis / Billy Clegg 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 1.71 to
1.00.
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END
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