Touchstone Exploration Inc. EXERCISE OF SHARE OPTIONS & SALE OF COMMON SHARES (7651Q)
23 Giugno 2020 - 8:00AM
UK Regulatory
TIDMTXP
RNS Number : 7651Q
Touchstone Exploration Inc.
23 June 2020
EXERCISE OF SHARE OPTIONS AND SALE OF COMMON SHARES
CALGARY, ALBERTA (June 23, 2020) - Touchstone Exploration Inc.
("Touchstone" or the "Company") announces that on June 17, 2020,
certain employees and directors exercised share options
representing a total of 308,100 common shares of no par value in
the Company ( " Common Shares " ).
As part of this exercise, Non-Executive Director Kenneth
McKinnon exercised share options representing 190,000 Common Shares
at a weighted average price of C$0.28 (approximately 16.6 pence)
per Common Share. Further, Non-Executive Director John Wright
exercised share options representing 112,500 Common Shares at a
price of C$0.33 (approximately 19.5 pence) per Common Share. On
June 22, 2020, Mr. Wright sold 56,300 Common Shares at a weighted
average price of C$0.89 (approximately 52.7 pence) per Common Share
on the Toronto Stock Exchange.
Application has been made for the 308,100 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 June 26, 2020. Immediately following Admission, the
Company's issued share capital will consist of 184,081,095 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 their 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.
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name Kenneth McKinnon
-------------------------- ------------------------------------------------
2 Reason for the notification
a) Position/status 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
financial instrument, Common Shares of no par value
type of instrument
CA89156L1085
Identification code
-------------------------- ------------------------------------------------
b) Nature of the transaction Exercise of 190,000 share options
-------------------------- ------------------------------------------------
Prices Volumes
c) Prices and volumes 1 19.5p each 95,000
----------- --------
2 13.6p each 95,000
----------- --------
-------------------------- ------------------------------------------------
d) Aggregated information 1. Aggregated volume: 95,000 share options
exercised
- Aggregated volume Aggregated price: 19.5p each
Aggregated total: GBP18,525
2. Aggregated volume: 95,000 share options
- Price exercised
Aggregated price: 13.6p each
Aggregated total: GBP12,920
-------------------------- ------------------------------------------------
e) Date of the transaction 1. 17 June 2020
2. 17 June 2020
-------------------------- ------------------------------------------------
f) Place of the transaction 1. Off market transaction
2. Off market transaction
-------------------------- ------------------------------------------------
1 Details of the person discharging managerial responsibilities
/ person closely associated
a) Name John Wright
-------------------------- ------------------------------------------------
2 Reason for the notification
a) Position/status 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
financial instrument, Common Shares of no par value
type of instrument
CA89156L1085
Identification code
-------------------------- ------------------------------------------------
b) Nature of the transaction 1. Exercise of 112,500 share options
2. Sale of 56,300 common shares
-------------------------- ------------------------------------------------
Prices Volumes
c) Prices and volumes 1 19.5p each 112,500
----------- --------
2 52.7p each 56,300
----------- --------
-------------------------- ------------------------------------------------
d) Aggregated information
1. Aggregated volume: 112,500 share
- Aggregated volume options exercised
Aggregated price: 19.5p each
Aggregated total: GBP21,938
- Price
2. Aggregated volume: 56,300 common
shares
Aggregated price: 52.7p each
Aggregated total: GBP29,670
-------------------------- ------------------------------------------------
e) Date of the transaction 1. 17 June 2020
2. 22 June 2020
-------------------------- ------------------------------------------------
f) Place of the transaction 1. Off market transaction
2. Toronto Stock Exchange
-------------------------- ------------------------------------------------
Touchstone Exploration Inc.
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 " .
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 Adviser and Join Broker)
Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin Tel: +44 (0) 207 408 4090
Corporate Broking: Jerry Keen
Canaccord Genuity (Joint Broker)
Adam James / Thomas Diehl Tel: +44 (0) 207 523 8000
Camarco (Financial PR)
Nick Hennis / Billy Clegg Tel: +44 (0) 203 781 8330
Advisories
For reference purposes in this announcement, one British pound
has been translated from Canadian dollars at a rate of 1.00 to
1.69.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHPPUQGQUPUUPW
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June 23, 2020 02:00 ET (06:00 GMT)
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