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Touchstone Exploration Inc.   -  TXP   

Director/PDMR Shareholding - Replacement

Released 18:04 23-May-2018

RNS Number : 0980P
Touchstone Exploration Inc.
23 May 2018
 

The following amendments have been made to the ' DIRECTORS SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES ' announcement released on 23 May 2018 at 07.00 under RNS No 9481O.

Each Non-executive Director purchased 37,120 Common Shares at a price of $0.2694 per Common Share with the Company making a matching purchase of 37,119 Common Shares.

All other details remain unchanged.

The full amended text is shown below.

 

 

DIRECTORS SHARE PURCHASE PLAN

AND

DIRECTOR / PDMR PURCHASES

 

Calgary, Alberta - May 23, 2018 - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX / LSE: TXP) announces the commencement of its Non-Executive Director Share Purchase Plan (the "Plan"). The Plan is designed to encourage non-executive directors to invest in common shares of the Company and to allow the Company to provide common shares as an incentive to directors through the Company's contribution. 

 

All non-executive directors are eligible and encouraged to participate in the Plan. In accordance with the Plan, the Company will match director's common share purchase contributions to a maximum of $10,000 per annum.

 

Five non-executive directors took part of the Plan and purchased Company common shares on May 18, 2018 at a price of $0.2694.

 

Director/ PDMR dealing

 

Details with respect to the number of Common shares purchased by Non-Executive Director was as follows:

 

Non-Executive Director

Common shares purchased from personal contribution

Common shares purchased from Company contribution

Total common shares purchased





Kenneth R. McKinnon

37,120

37,119

74,239

Peter Nicol

37,120

37,119

74,239

Stanley T. Smith

37,120

37,119

74,239

Dr. Harrie Vredenburg

37,120

37,119

74,239

John D. Wright

37,120

37,119

74,239





Total

185,600

185,595

371,195

 

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

www.touchstoneexploration.com

 

Shore Capital (Nominated Advisor and Joint Broker)

Nominated Advisor: Edward Mansfield / Mark Percy / Daniel Bush             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".

 

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them

 

1.

Details of the person discharging managerial responsibilities / person closely associated

a)

 

Name

 

1.   Kenneth R. McKinnon

2.   Peter Nicol

3.   Stanley T. Smith

4.   Dr. Harrie Vredenburg

5.   John D. Wright

2.

Reason for the notification

a)

Position/status

 

1.   Non-Executive Director

2.   Non-Executive Director

3.   Non-Executive Director

4.   Non-Executive Director

5.   Non-Executive Director

b)

Initial notification /Amendment

Amendment

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 transactions

Purchase of Common Shares by the Trustee of the Non-Executive Director Share Purchase Plan

c)

 

Price(s) and volume(s)

 


Effective price

Volumes

1.

$0.2694

74,239

2.

$0.2694

74,239

3.

$0.2694

74,239

4.

$0.2694

74,239

5.

$0.2694

74,239

  

d)

Aggregated information

- Aggregated volume

 

 

 

- Price

 

N/A (single transaction)

e)

Date of the transaction

18 May 2018

f)

Place of the transaction

Toronto Stock Exchange

 

 


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.
 
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Director/PDMR Shareholding - Replacement - RNS