Touchstone Exploration Inc. (LON: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, announces that on 13 December 2019, Non-Executive Directors Kenneth McKinnon and Harrie Vredenburg each exercised incentive share options over 7,500 common shares of no par value in the Company at a price of C$0.10 per Common Share (approximately 5.8 pence per share). These incentive share options were previously granted in 2013 in accordance with the Company’s incentive share option plan.
Application has been made for the 15,000 new Common Shares, which will rank pari passu with the Company’s existing issued share capital, to be admitted to trading on the Toronto Stock Exchange and AIM. These new Common Shares are expected to be admitted to trading on December 18th, 2019. Immediately following Admission, the Company’s issued share capital will consist of 160,703,095 common shares. The Company does not hold any Common Shares in treasury. This figure may be used by shareholders to determine if they are required to notify their interest in, or a change to their interest in, the Company.
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”.