Director/PDMR Shareholding
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CALGARY, ALBERTA (October 26, 2023) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) reports that the Company's officers sold an aggregate 327,000 Company common shares of no par value ("Common Shares") on October 25, 2023. The proceeds from the sale of Common Shares were to satisfy the costs and withholding taxes associated with the Company's officer share option exercises announced on September 21, 2023.
The notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail regarding the transactions.
Touchstone Exploration Inc.
Touchstone Exploration Inc.
- Paul Baay, President and Chief Executive Officer Tel: +1 (403) 750-4487
- 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
FTI Consulting (Financial PR)
Nick Hennis / Ben Brewerton Tel: +44 (0) 203 727 1000
| 1 | Details of the person discharging managerial responsibilities / person closely associated | |
| a) | Name | 1. Paul R. Baay 2. Scott Budau 3. James Shipka |
| 2 | Reason for the notification | |
| a) | Position/status | 1. Director, President and Chief Executive Officer 2. Chief Financial Officer 3. Chief Operating Officer |
| b) | Initial notification /Amendment | Initial notification |
| a) | Name | Touchstone Exploration Inc. |
| b) | LEI | 2138008URBSUC1J24J73 |
| a) | Description of the financial instrument, type of instrument Identification code | Common Shares of Touchstone Exploration Inc. CA89156L1085 |
| b) | Nature of the transaction | 1. Sale of 131,000 Common Shares 2. Sale of 86,000 Common Shares 3. Sale of 110,000 Common Shares |
| c) | Prices and volumes | Effective Prices Volumes 1. 54p 131,000 2. 54p 86,000 3. 54p 110,000 |
| d) | Aggregated information - Aggregated volume - Price | 1. Aggregated volume: 131,000 Common Shares Aggregated price: 54p each Aggregate total £70,740 2. Aggregated volume: 86,000 Common Shares Aggregated price: 54p each Aggregated total: £46,440 3. Aggregated volume: 110,000 Common Shares Aggregated price: 54p each Aggregated total: £59,400 |
| e) | Date of the transaction | 1. October 25, 2023 2. October 25, 2023 3. October 25, 2023 |
| f) | Place of the transaction | 1. AIM 2. AIM 3. AIM |
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