Touchstone Exploration Inc. DIRECTOR / PDMR SHAREHOLDING (3962X)
August 26 2022 - 4:59AM
UK Regulatory
TIDMTXP
RNS Number : 3962X
Touchstone Exploration Inc.
26 August 2022
DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (August 26, 2022) - Touchstone Exploration Inc.
("Touchstone" or the "Company") (TSX, LSE: TXP) reports that Mr.
John Wright, Non-executive Director and Chair of the Board of
Directors of the Company, sold 258,400 common shares of the Company
("Common Shares"). The proceeds from the sale of Common Shares were
to partially satisfy the costs and withholding taxes associated
with Mr. Wright's share option exercise announced on August 22,
2022. Mr. Wright sold an aggregate 258,400 Common Shares at a price
of C$1.55 per Common Share on the Toronto Stock Exchange on August
23, August 24, and August 25, 2022.
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail of the
transactions.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name John Wright
-------------------------- ---------------------------------------------
Reason for the notification
2
-------------------------------------------------------------------------
a) Position/status Non-executive Director
-------------------------- ---------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- ---------------------------------------------
Details of the issuer, emission allowance market participant,
3 auction platform, auctioneer or auction monitor
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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 Sale of 258,400 common shares from personal
holdings
-------------------------- ---------------------------------------------
c) Prices and volumes Effective Price Volume
1. C$1.55 71,200
---------------- --------
2. C$1.55 53,600
---------------- --------
3. C$1.55 133,600
---------------- --------
-------------------------- ---------------------------------------------
d) Aggregated information Aggregated volume: 258,400 common shares
* Aggregated volume Aggregated price: C$1.55 each
Aggregate total C$400,520
* Price
-------------------------- ---------------------------------------------
e) Date of the transaction 1. August 23, 2022
2. August 24, 2022
3. August 25, 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 / 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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END
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