DIRECTOR / PDMR SHAREHOLDING

RNS Number : 5400N
Touchstone Exploration Inc.
01 June 2022
 

 

DIRECTOR / PDMR SHAREHOLDING

 

CALGARY, ALBERTA (June 1, 2022) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that on May 31, 2022, Mr. John Wright, Non-executive Director and Chair of the Board of Directors of the Company, purchased 200,000 common shares of the Company ("Common Shares") into a registered retirement savings plan ("RRSP") and concurrently sold 200,000 Common Shares from his personal holdings. Following the transactions there was no change to Mr. Wright's beneficial holding, and his interest in the Company remains at 5,010,348 Common Shares, representing approximately 2.4% of the Company's issued share capital.

 

The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail of the transactions.

 

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

John D. Wright

2

Reason for the notification

a)

Position/status

Non-executive Director

b)

Initial notification /Amendment

Initial notification

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, type of instrument

 

Identification code

Common shares of Touchstone Exploration Inc.

 

 

CA89156L1085

b)

Nature of the transaction

1.  Purchase of Common Shares into a RRSP

2.  Sale of Common Shares from a personal holding

c)

 

Price(s) and volume(s)

 


Effective Price

Volumes

1.

C$1.47

200,000

2.

C$1.45

200,000

d)

 

Aggregated information

- Aggregated volume

- Price

 

N/A (equal purchase and sale)

e)

Date of the transaction

May 31, 2022

f)

Place of the transaction

Toronto Stock Exchange

 

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 / Michael McGloin      Tel: +44 (0) 207 408 4090

 

Canaccord Genuity (Joint Broker) 

Adam James / Henry Fitzgerald O'Connor / Thomas Diehl                     Tel: +44 (0) 207 523 8000

 

Camarco (Financial PR)

Billy Clegg / Emily Hall / Lily Pettifar    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 rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
DSHUPUWGQUPPUMG
UK 100

Latest directors dealings