DIRECTOR / PDMR SHAREHOLDING

RNS Number : 3962X

Touchstone Exploration Inc.

26 August 2022

 

DIRECTOR / PDMR SHAREHOLDING

CALGARY, ALBERTA (August 26, 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 258,400 common shares of the Company ("Common Shares"). The proceeds from the sale of Common Shares were to partially satisfy the costs and withholding taxes associated with Mr. Wright's share option exercise announced on August 22, 2022. Mr. Wright sold an aggregate 258,400 Common Shares at a price of C$1.55 per Common Share on the Toronto Stock Exchange on August 23, August 24, and August 25, 2022.

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 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	Sale of 258,400 common shares from personal holdings
c)	Prices and volumes	Effective Price Volume 1. C$1.55 71,200 2. C$1.55 53,600 3. C$1.55 133,600
d)	Aggregated information -  Aggregated volume -  Price	Aggregated volume: 258,400 common shares Aggregated price: C$1.55 each Aggregate total C$400,520
e)	Date of the transaction	1. August 23, 2022 2. August 24, 2022 3. August 25, 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 / Iain Sexton    Tel: [phone]

Canaccord Genuity (Joint Broker)

Adam James / Gordon Hamilton                                                             Tel: [phone]

Camarco (Financial PR)

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

 

END

 

 

DSHPPUMARUPPUBQ