Touchstone Exploration Inc. EXERCISE OF SHARE OPTIONS (9507Y)
September 09 2022 - 05:03AM
UK Regulatory
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RNS Number : 9507Y
Touchstone Exploration Inc.
09 September 2022
EXERCISE OF SHARE OPTIONS
CALGARY, ALBERTA (September 9, 2022) - Touchstone Exploration
Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) announces that
on September 8, 2022, non-executive director Stanley Smith
exercised share options representing a total of 91,665 common
shares of no par value in the Company ("Common Shares") at a price
of C$0.48 per Common Share that were previously granted in 2020 in
accordance with the Company's Share Option Plan .
Application has been made for the 91,665 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 September 15, 2022. Immediately following Admission,
the Company's issued share capital will consist of 213,112,826
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 Stanley Smith
-------------------------- ----------------------------------------
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 Exercise of 91,665 common share options
-------------------------- ----------------------------------------
c) Price(s) and volume(s) Effective Prices Volumes
C$0.48 91,665
------------------ --------
-------------------------- ----------------------------------------
d) Aggregated information Aggregated volume: 91,665 share options
- Aggregated volume exercised
- Price Aggregated price: C$0.48
Aggregated total C$43,999.20
-------------------------- ----------------------------------------
e) Date of the transaction 8 September 2022
-------------------------- ----------------------------------------
f) Place of the transaction 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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END
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