Touchstone Exploration Inc. DIRECTOR / PDMR SHAREHOLDING (3231R)
October 26 2023 - 1:00AM
UK Regulatory
TIDMTXP
RNS Number : 3231R
Touchstone Exploration Inc.
26 October 2023
DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (October 26, 2023) - Touchstone Exploration
Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that
the Company's officers sold an aggregate 327,000 Company common
shares of no par value ("Common Shares") on October 25, 2023. The
proceeds from the sale of Common Shares were to satisfy the costs
and withholding taxes associated with the Company's officer share
option exercises announced on September 21, 2023.
The notification below, made in accordance with the requirements
of the UK Market Abuse Regulation, provides further detail
regarding the transactions.
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
FTI Consulting (Financial PR)
Nick Hennis / Ben Brewerton Tel: +44 (0) 203 727 1000
Email: touchstone@fticonsulting.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulation.
Details of the person discharging managerial responsibilities
1 / person closely associated
a) Name 1. Paul R. Baay
2. Scott Budau
3. James Shipka
-------------------------- -------------------------------------------------
Reason for the notification
2
-----------------------------------------------------------------------------
a) Position/status 1. Director, President and Chief Executive
Officer
2. Chief Financial Officer
3. Chief Operating Officer
-------------------------- -------------------------------------------------
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. Sale of 131,000 Common Shares
2. Sale of 86,000 Common Shares
3. Sale of 110,000 Common Shares
-------------------------- -------------------------------------------------
Effective Prices Volumes
c) Prices and volumes 1. 54p 131,000
----------------- --------
2. 54p 86,000
----------------- --------
3. 54p 110,000
----------------- --------
-------------------------- -------------------------------------------------
d) Aggregated information 1. Aggregated volume: 131,000 Common Shares
* Aggregated volume Aggregated price: 54p each
Aggregate total GBP70,740
2. Aggregated volume: 86,000 Common Shares
* Price Aggregated price: 54p each
Aggregated total: GBP46,440
3. Aggregated volume: 110,000 Common Shares
Aggregated price: 54p each
Aggregated total: GBP59,400
-------------------------- -------------------------------------------------
e) Date of the transaction 1. October 25, 2023
2. October 25, 2023
3. October 25, 2023
-------------------------- -------------------------------------------------
f) Place of the transaction 1. AIM
2. AIM
3. AIM
-------------------------- -------------------------------------------------
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END
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