Touchstone Exploration Inc. Director/PDMR Shareholding (7344G)
March 31 2022 - 1:25AM
UK Regulatory
TIDMTXP
RNS Number : 7344G
Touchstone Exploration Inc.
31 March 2022
EXERCISE OF SHARE OPTIONS AND DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (March 31, 2022) - Touchstone Exploration Inc.
("Touchstone" or the "Company") (TSX, LSE: TXP) reports that
certain employees exercised share options representing a total of
151,800 common shares of no par value in the Company ( " Common
Shares " ) on March 30, 2022.
Application has been made for the 151,800 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 5, 2022. Immediately following Admission, the
Company's issued share capital will consist of 210,978,527 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 their interest
in, the Company.
Touchstone was informed that on March 30, 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 of the
transactions.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John D. Wright
-------------------------- ------------------------------------------
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 Touchstone Exploration
financial instrument, Inc.
type of instrument
Identification code CA89156L1085
-------------------------- ------------------------------------------
b) Nature of the transaction 1. Purchase of Common Shares into a RRSP
2. Sale of Common Shares from a personal
holding
-------------------------- ------------------------------------------
c) Price(s) and volume(s) Effective Price Volumes
1. C$1.47 250,000
---------------- --------
2. C$1.45 250,000
---------------- --------
-------------------------- ------------------------------------------
d) Aggregated information
- Aggregated volume N/A (equal purchase and sale)
- Price
-------------------------- ------------------------------------------
e) Date of the transaction March 30, 2022
-------------------------- ------------------------------------------
f) Place of the transaction Toronto Stock Exchange
-------------------------- ------------------------------------------
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
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