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Touchstone Exploration Inc. announced that Mr. John Wright, Non-executive Director and Chair of the Board, sold an aggregate of 82,434 common shares. The sales occurred on the Toronto Stock Exchange on August 29, August 30, and August 31, 2022, at a weighted average price of C$1.50 per common share. Following these transactions, Mr. Wright holds 5,127,892 common shares, representing approximately 2.41% of the Company's issued and outstanding shares.
| Date | 1 Sept 2022 |
| Time | 07:45:57 |
| Category | Director/PDMR dealings |
| ID | 9103X |
DIRECTOR / PDMR SHAREHOLDING
CALGARY, ALBERTA (September 1, 2022) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that Mr. John Wright, Non-executive Director and Chair of the Board of Directors of the Company, sold an aggregate 82,434 common shares of the Company ("Common Shares"). Mr. Wright sold 82,434 Common Shares at a weighted average price of C$1.50 per Common Share on the Toronto Stock Exchange on August 29, August 30, and August 31, 2022.
As a result of the previously announced share option exercise and selling of Common Shares, Mr. Wright currently owns 5,127,892 Common Shares of the Company, representing approximately 2.41% of the Company's issued and outstanding Common Shares.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail of the transactions.
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1 |
Details of the person discharging managerial responsibilities / person closely associated |
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a) |
Name |
John Wright |
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2 |
Reason for the notification |
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a) |
Position/status |
Non-executive Director |
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b) |
Initial notification /Amendment |
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor |
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a) |
Name |
Touchstone Exploration Inc. |
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b) |
LEI |
2138008URBSUC1J24J73 |
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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 |
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a) |
Description of the financial instrument, type of instrument
Identification code |
Common Shares of Touchstone Exploration Inc.
CA89156L1085 |
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b) |
Nature of the transaction |
Sale of 82,434 common shares from personal holdings |
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c) |
Prices and volumes |
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d) |
Aggregated information - Aggregated volume - Price |
Aggregated volume: 82,434 common shares Aggregated price: C$1.50 each Aggregate total C$123,597.60
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e) |
Date of the transaction |
1. August 29, 2022 2. August 30, 2022 3. August 31, 2022 |
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f) |
Place of the transaction |
Toronto Stock Exchange
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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 / Iain Sexton Tel: +44 (0) 207 408 4090
Canaccord Genuity (Joint Broker)
Adam James / Gordon Hamilton Tel: +44 (0) 207 523 8000
Camarco (Financial PR)
Billy Clegg / Emily Hall / Lily Pettifar Tel: +44 (0) 203 781 8330