Touchstone Exploration Inc. Lifting of stock restriction
23 April 2018 - 4:01PM
RNS Non-Regulatory
TIDMTXP
Touchstone Exploration Inc.
23 April 2018
23 April 2018
Touchstone Exploration Inc.
("Touchstone" or the "Company")
Lifting of stock restriction
On December 8, 2017, Touchstone Exploration Inc. ("Touchstone"
or the "Company") (TSX / LSE: TXP), an oil and gas exploration and
production company active in the Republic of Trinidad and Tobago,
announced the completion of a GBP3.0 million (C$5.1 million)
private placement through the issuance of 25,784,285 new common
shares of no par value (the "Placing Shares").
On December 22, 2017 the Placing Shares were admitted to trading
on the AIM market of the London Stock Exchange. The Placing Shares
ranked pari passu in all respects with the existing common shares
save that there was a temporary restriction on the transfer of such
Placing Shares into Canada for a period of four months and one day
from the day on which the Placing Shares were issued (the "Initial
Restricted Period").
The Initial Restriction Period has lapsed today. Consequently,
all of the Company's common shares are now freely transferable on
the Toronto Stock Exchange.
The Company is using the net proceeds of the private placement
to complete a drilling program of ten wells on the Company's Coora
1, Coora 2, WD-4 and WD-8 properties. Touchstone is currently
drilling the fifth well in the program and looks forward to
updating shareholders in due course.
For further information, please contact:
Touchstone Exploration Inc.
Mr. Paul Baay, President and Chief Executive Officer Tel: +1
(403) 750-4487
Mr. Scott Budau, Chief Financial Officer
Camarco (Financial PR)
Nick Hennis / Jane Glover / Billy Clegg Tel: +44 (0) 203 757
4980
About Touchstone
Touchstone Exploration Inc. is a Calgary 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".
This information is provided by RNS
The company news service from the London Stock Exchange
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April 23, 2018 02:01 ET (06:01 GMT)
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