Touchstone Exploration Inc.
5 July 2017
Touchstone Exploration Inc.
("Touchstone" or the "Company")
Merging of Stock Lines
On 26 June 2017, Touchstone Exploration Inc. (TSX / LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, was admitted to trading on the AIM market of the London Stock Exchange ("Admission") and pursuant to a private placement, issued 20,000,000 new Common Shares ("Placing Shares"). Upon Admission, the following Common Shares were admitted to trading on AIM:
· 83,137,143 existing Common Shares, under the ticker TXP (ISIN: CA89156L1085, SEDOL: BD8ZCD4); and
· 20,000,000 Placing Shares, under the ticker TXPR (ISIN: CA89156L2075, SEDOL: BD8ZCF6).
With effect from commencement of trading at 8.00 a.m. on 11 July 2017, the Placing Shares will merge with the existing Common Shares and will trade under the Company's existing ticker TXP under the ISIN: CA89156L1085 and SEDOL: BD8ZCD4. ISIN: CA89156L2075 shall be removed from trading at close of business on 10 July 2017.
The Placing Shares issued rank pari passu in all respects with the existing Common Shares save that there is a temporary restriction on the transfer of such 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 will lapse on 27 October 2017 following which all the Company's Common Shares will be freely transferable on the Toronto Stock Exchange ("TSX"). Due to the nature of the securities issued into CREST and following the merging of the Placing Shares with the Common Shares, existing Depositary Interests ("DI") under ISIN CA89156L1085 and any Common Shares repositioned from Canada to the UK that enter the new DI will be subject to the Initial Restricted Period. Moreover, these will also be restricted from being repositioned back to being freely transferable in Canada for the remainder of the Initial Restricted Period. Consequently, any Common Shares purchased through the AIM market may not be sold through the TSX until the expiry of the Initial Restricted Period.
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
Shore Capital (Nominated Advisor and Joint Broker)
Nominated Adviser: Edward Mansfield / Mark Percy / James Wolfe Tel: +44 (0) 20 7408 4090
Corporate Broking: Jerry Keen
GMP FirstEnergy (Joint Broker)
Jonathan Wright / Hugh Sanderson Tel: +44 (0) 207448 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".
