Touchstone Exploration £9.0 million private placement – stock restriction lifted

Touchstone Exploration

On February 20, 2020, Touchstone Exploration Inc. (TSX / LON:TXP) announced the completion of a £9.0 million (approximately US$11.65 million) private placement through the issuance of 22,500,000 new common shares of no par value.

On February 26, 2020 the Placing Shares were admitted to trading on the Toronto Stock Exchange and the AIM market of the London Stock Exchange. The Placing Shares ranked pari passu in all respects with the existing common shares save that there was a temporary restriction on the transfer of the Placing Shares into Canada for a period of four months and one day from the day on which the Placing Shares were issued.

The Initial Restriction Period lapsed on June 27, 2020. Consequently, all of the Company’s common shares are now freely transferable on the Toronto Stock Exchange.

Touchstone Exploration Inc.

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”.

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Natural gas tradewinds shift as cold and export demands align

US natural gas is entering a new phase where winter heating demand and surging LNG exports are colliding to reshape the supply‑demand balance.

Energy majors’ return to natural gas signals a reset for supply and demand

Major energy companies are repositioning toward natural gas and investors need to take note of the shift.

Natural gas enters a new phase as market forces realign

Natural gas is entering a structurally tighter phase, with export flows, weather risk and infrastructure limits all reshaping the investor outlook.

Touchstone Exploration delivers solid Q3 2025 output and strengthens balance sheet

Touchstone Exploration Inc. achieved average Q3 2025 production of 5,141 boe/d, supported by strong Central field performance.

Natural gas demand outpaces the weather narrative

Natural gas prices are rising without cold weather, supply constraints and export flows are now in control.

Touchstone Exploration raises £7 million through Retail Offer and private placement

Touchstone Exploration has confirmed the completion of its Retail Offer, raising £0.68 million through the issue of 6.18 million new shares at 11 pence each.

Search

Search