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Touchstone Explrtn. - Lifting of stock restriction

RNS Number : 2152R
Touchstone Exploration Inc.
29 June 2020
 

 

 

29 June 2020

 

Touchstone Exploration Inc.

 

("Touchstone" or the "Company")

 

Lifting of stock restriction

 

On February 20, 2020, Touchstone Exploration Inc. (TSX / LSE: TXP) announced the completion of a £9.0 million (approximately US$11.65 million) private placement through the issuance of 22,500,000 new common shares of no par value (the "Placing Shares").

 

On February 26, 2020 the Placing Shares were admitted to trading on the Toronto Stock Exchange and 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 the 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 lapsed on June 27, 2020. Consequently, all of the Company's common shares are now freely transferable on the 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:

 

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 / Billy Clegg                                                                        Tel: +44 (0) 203 781 8330


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 [email protected] or visit www.rns.com.
 
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Quick facts: Touchstone Exploration Inc

Price: 73

Market: AIM
Market Cap: £133.95 m
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