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: [phone]

Mr. Scott Budau, Chief Financial Officer

Shore Capital (Nominated Advisor and Joint Broker)

Daniel Bush / Toby Gibbs / Michael McGloin      Tel: [phone]

Canaccord Genuity (Joint Broker) 

Adam James / Henry Fitzgerald O'Connor / Thomas Diehl                     Tel: [phone]

Camarco (Financial PR)

Billy Clegg / Emily Hall / Lily Pettifar    Tel: [phone]

 

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