Touchstone Exploration Inc. SHARE OPTIONS AND DIRECTOR / PDMR PURCHASE (0565H)
04 April 2022 - 4:01PM
UK Regulatory
TIDMTXP
RNS Number : 0565H
Touchstone Exploration Inc.
04 April 2022
EXERCISE OF SHARE OPTIONS AND DIRECTOR / PDMR PURCHASE
CALGARY, ALBERTA (April 4, 2022) - Touchstone Exploration Inc.
("Touchstone" or the "Company") (TSX, LSE: TXP) announces that on
April 1, 2022, Non-executive Directors exercised share options
representing a total of 177,500 common shares of no par value in
the Company ("Common Shares").
Non-executive Director Dr. Harrie Vredenburg exercised share
options representing a total of 80,000 Common Shares at a price of
C$0.15 (approximately 9.1 pence) per Common Share. Dr. Vredenburg's
share options were previously granted in 2017 in accordance with
the Company's Share Option Plan. Non-executive Director Kenneth
McKinnon exercised share options representing 97,500 Common Shares
at a price of C$0.25 (approximately 15.2 pence) per Common Share.
Mr. McKinnon's share options were previously granted in 2018 in
accordance with the Company's Share Option Plan.
Application has been made for the 177,500 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 April 8, 2022. Immediately following Admission, the
Company's issued share capital will consist of 211,341,027 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.
Touchstone was informed that on April 1, 2022, Ms. Beverley
Smith, Non-executive Director, purchased 11,662 common shares.
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them in accordance with the Market Abuse
Regulations.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Harrie Vredenburg
2. Kenneth McKinnon
3. Beverley Smith
-------------------------- --------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------
a) Position/status 1. Non-executive Director
2. Non-executive Director
3. Non-executive Director
-------------------------- --------------------------------------------
b) Initial notification Initial notification
/Amendment
-------------------------- --------------------------------------------
3 Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
------------------------------------------------------------------------
a) Name Touchstone Exploration Inc.
-------------------------- --------------------------------------------
b) LEI 2138008URBSUC1J24J73
-------------------------- --------------------------------------------
4 Details of the transaction(s): section to be repeated for
(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 1. Common shares of no par value
financial instrument, 2. Common shares of no par value
type of instrument 3. Common shares of Touchstone Exploration
Inc.
Identification code
CA89156L1085
-------------------------- --------------------------------------------
b) Nature of the transaction 1. Exercise of 80,000 common share options
2. Exercise of 97,500 common share options
3. Purchase of common shares on the open
market
-------------------------- --------------------------------------------
c) Price(s) and volume(s) Effective Price Volume
1. C$0.15 (9.1p) 80,000
---------------- -------
2. C$0.25 (15.2p) 97,500
---------------- -------
3. C$1.41 (85.7p) 11,662
---------------- -------
-------------------------- --------------------------------------------
d) Aggregated information 1. Aggregated volume: 80,000 share options
- Aggregated volume exercised
- Price Aggregated price: C$0.15 (9.1p) each
Aggregated total C$12,000 (GBP7,317)
2. Aggregated volume: 97,500 share options
exercised
Aggregated price: C$0.25 (15.2p) each
Aggregated total C$24,375 (GBP14,863)
3. N/A (single transaction)
-------------------------- --------------------------------------------
e) Date of the transaction 1. 01 April 2022
2. 01 April 2022
3. 01 April 2022
-------------------------- --------------------------------------------
f) Place of the transaction 1. Off market transaction
2. Off market transaction
3. AIM
-------------------------- --------------------------------------------
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 / Michael McGloin Tel: +44 (0) 207 408
4090
Canaccord Genuity (Joint Broker)
Adam James / Henry Fitzgerald O'Connor / Thomas Diehl Tel: +44
(0) 207 523 8000
Camarco (Financial PR)
Billy Clegg / Emily Hall / Lily Pettifar Tel: +44 (0) 203 781
8330
Advisory
For reference purposes in this announcement, one British pound
has been translated from Canadian dollars at a rate of 1.64 to
1.00.
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