Touchstone Exploration Inc. EXERCISE OF SHARE OPTIONS & SALE OF COMMON SHARES (3206I)
01 Aprile 2020 - 8:00AM
UK Regulatory
TIDMTXP
RNS Number : 3206I
Touchstone Exploration Inc.
01 April 2020
EXERCISE OF SHARE OPTIONS AND SALE OF COMMON SHARES
CALGARY, ALBERTA (April 1, 2020) - Touchstone Exploration Inc.
("Touchstone" or the "Company") announces that on March 31, 2020,
certain employees and directors exercised share options
representing a total of 286,300 common shares of no par value in
the Company ( " Common Shares " ).
As part of this exercise of options, Non-Executive Director
Thomas Valentine exercised share options representing 75,000 Common
Shares at a price of C$0.33 per Common Share (approximately 18.9
pence per share). The share options were previously granted in 2015
in accordance with the Company's Share Option Plan. On March 31,
2020, Mr. Valentine sold 60,000 common shares at a price of C$0.46
per share (approximately 26.3 pence per share) on the Toronto Stock
Exchange.
Application has been made for the 286,300 new Common Shares,
which will rank pari passu with the Company's existing issued share
capital, to be admitted to trading on AIM ("Admission"). These new
Common Shares are expected to be admitted to trading on AIM on
April 3, 2020. Immediately following Admission, the Company's
issued share capital will consist of 183,489,395 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 Thomas E. Valentine
-------------------------- -------------------------------------------------
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 75,000 share options
2. Sale of 60,000 common shares
-------------------------- -------------------------------------------------
Prices Volumes
c) Prices and volumes 1 18.9p each 75,000
----------- --------
2 26.3p each 60,000
----------- --------
-------------------------- -------------------------------------------------
d) Aggregated information
1. Aggregated volume: 75,000 share options
- Aggregated volume exercised
Aggregated price: 18.9p each
Aggregated total: GBP14,175
- Price
2. Aggregated volume: 60,000 common
shares
Aggregated price: 26.3p each
Aggregated total: GBP15,780
-------------------------- -------------------------------------------------
e) Date of the transaction 1. 31 March 2020
2. 31 March 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 Broker)
Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin Tel: +44 (0) 207 408 4090
Corporate Broking: Jerry Keen
Camarco (Financial PR)
Nick Hennis / Bill 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
1.75.
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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