Touchstone Exploration Inc. EXERCISE OF SHARE OPTIONS (6938W)
August 22 2022 - 01:00AM
UK Regulatory
TIDMTXP
RNS Number : 6938W
Touchstone Exploration Inc.
22 August 2022
EXERCISE OF SHARE OPTIONS
CALGARY, ALBERTA (August 22, 2022) - Touchstone Exploration Inc.
("Touchstone" or the "Company") (TSX, LSE: TXP) announces that on
August 19, 2022, Non-executive Directors and employees exercised
share options representing a total of 745,834 common shares of no
par value in the Company ("Common Shares").
Non-executive Director Mr. John Wright exercised share options
representing a total of 440,834 Common Shares. Mr. Wright's share
options were exercised at a weighted average price of C$0.27 per
Common Share and were previously granted in 2017, 2018, 2019 and
2020 in accordance with the Company's Share Option Plan . In
addition, Non-executive Director Mr. Peter Nicol exercised share
options representing a total of 230,000 Common Shares. Mr. Nicol's
share options were exercised at a weighted average price of C$0.24
per Common Share and were previously granted in 2018 and 2019.
Application has been made for the 745,834 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 August 25, 2022. Immediately following Admission, the
Company's issued share capital will consist of 213,021,161 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.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. John Wright
2. Peter Nicol
-------------------------- -----------------------------------------------
Reason for the notification
2
---------------------------------------------------------------------------
a) Position/status 1. Non-executive Director
2. Non-executive Director
-------------------------- -----------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- -----------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
---------------------------------------------------------------------------
a) Name Touchstone Exploration Inc.
-------------------------- -----------------------------------------------
b) LEI 2138008URBSUC1J24J73
-------------------------- -----------------------------------------------
Details of the transaction(s): section to be repeated for
4 (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 440,834 common share options
2. Exercise of 230,000 common share options
-------------------------- -----------------------------------------------
c) Price(s) and volume(s) Effective Prices Volumes
1. C$0.15 102,500
----------------- --------
C$0.25 102,500
----------------- --------
C$0.23 137,500
----------------- --------
C$0.48 98,334
----------------- --------
2. C$0.25 97,500
----------------- --------
C$0.23 132,500
----------------- --------
-------------------------- -----------------------------------------------
d) Aggregated information 1. Aggregated volume: 440,834 share options
- Aggregated volume exercised
- Price Aggregated price: C$0.27
Aggregated total C$119,825
2. Aggregated volume: 230,000 share options
exercised
Aggregated price: C$0.24
Aggregated total C$54,850
-------------------------- -----------------------------------------------
e) Date of the transaction 1. 19 August 2022
2. 19 August 2022
-------------------------- -----------------------------------------------
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)
Daniel Bush / Toby Gibbs / Iain Sexton Tel: +44 (0) 207 408
4090
Canaccord Genuity (Joint Broker)
Adam James / Gordon Hamilton 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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