Touchstone Exploration Inc. GRANT OF SHARE OPTIONS (3556V)
08 Aprile 2019 - 8:00AM
UK Regulatory
TIDMTXP
RNS Number : 3556V
Touchstone Exploration Inc.
08 April 2019
GRANT OF SHARE OPTIONS
Calgary, Alberta - April 8, 2019 - Touchstone Exploration Inc.
("Touchstone" or the "Company") (TSX / LSE: TXP) announces the
grant of 2,550,000 share options on April 5, 2019 to its executive
officers, non-executive directors and key employees in accordance
with the Company's shareholder approved stock option plan. The
grant was awarded to the following recipients:
Recipient Number of share options
granted
----------------------------------------------- ------------------------
Paul R. Baay, President, Chief Executive
Officer and Director 450,000
Scott Budau, Chief Financial Officer 300,000
James Shipka, Chief Operating Officer 300,000
Kenneth R. McKinnon, Non-Executive Director 132,500
Peter Nicol, Non-Executive Director 132,500
Stanley T. Smith, Non-Executive Director 127,500
Thomas E. Valentine, Non-Executive Director 135,000
Dr. Harrie Vredenburg, Non-Executive Director 115,000
John D. Wright, Non-Executive Director 137,500
Employees 720,000
----------------------------------------------- ------------------------
Total 2,550,000
----------------------------------------------- ------------------------
The share options were issued with an exercise price of C$0.23
per common share, which was measured by reference to the five-day
weighted average trading price of the Company's common shares on
the Toronto Stock Exchange to the close of trading on April 4,
2019. The share options have a five-year term and vest one third on
each of the next three anniversaries of the grant date.
Following this grant, the Company has a total of 11,099,640
share options and incentive share options outstanding, representing
approximately 6.9% of the Company's outstanding common shares.
The notification below, made in accordance with the requirements
of the EU Market Abuse Regulation, provides further detail on the
above transactions.
For Further Information:
Touchstone Exploration Inc.
Mr. Paul Baay, President and Chief Executive Officer Tel: +1
(403) 750-4487
Mr. James Shipka, Chief Operating Officer
www.touchstoneexploration.com
Shore Capital (Nominated Advisor and Joint Broker)
Nominated Advisor: Edward Mansfield / Mark Percy / Daniel Bush
Tel: +44 (0) 207 408 4090
Corporate Broking: Jerry Keen
GMP FirstEnergy (Joint Broker)
Jonathan Wright / Hugh Sanderson Tel: +44 (0) 207 448 0200
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".
Notification of transactions of persons discharging managerial
responsibilities and persons closely associated with them
1. Details of the person discharging managerial responsibilities
/ person closely associated
a) Name 1. Paul R. Baay
2. Scott Budau
3. James Shipka
4. Kenneth R. McKinnon
5. Peter Nicol
6. Stanley T. Smith
7. Thomas E. Valentine
8. Dr. Harrie Vredenburg
9. John D. Wright
--------------------------- -------------------------------------------------------
2. Reason for the notification
------------------------------------------------------------------------------------
a) Position/status 1. Chief Executive Officer
2. Chief Financial Officer
3. Chief Operating Officer
4. Non-Executive Director
5. Non-Executive Director
6. Non-Executive Director
7. Non-Executive Director
8. Non-Executive Director
9. 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 Options over common shares of no par value
financial instrument, in the capital of Touchstone Exploration
type of instrument Inc., each with an exercise price of C$0.23
and an expiry date of 4 April 2024.
Identification code CA89156L1085
--------------------------- -------------------------------------------------------
b) Nature of the transactions Grant of share options to executive directors/officers
--------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Effective price Volume(s)
1. Nil 450,000
---------------- ----------
2. Nil 300,000
---------------- ----------
3. Nil 300,000
---------------- ----------
4. Nil 132,500
---------------- ----------
5. Nil 132,500
---------------- ----------
6. Nil 127,500
---------------- ----------
7. Nil 135,000
---------------- ----------
8. Nil 115,000
---------------- ----------
9. Nil 137,500
---------------- ----------
--------------------------- -------------------------------------------------------
d) Aggregated information Aggregate volumes
- Aggregated volume 1. 450,000
2. 300,000
3. 300,000
4. 132,500
5. 132,500
6. 127,500
7. 135,000
8. 115,000
9. 137,500
Aggregate prices
1. Nil
2. Nil
3. Nil
4. Nil
5. Nil
- Price 6. Nil
7. Nil
8. Nil
9. Nil
--------------------------- -------------------------------------------------------
e) Date of the transaction 5 April 2019
--------------------------- -------------------------------------------------------
f) Place of the transaction Outside a trading venue
--------------------------- -------------------------------------------------------
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
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