# Touchstone Exploration raises initial US$10.9 million in fundraise

- Link: https://www.directorstalkinterviews.com/touchstone-exploration-raises-initial-us10-9-million-in-fundraise/4121253049
- Published: 2026-06-05T07:07:24+01:00
- Author: Amilia Stone

**[Touchstone Exploration](https://www.directorstalkinterviews.com/company/touchstone-exploration-inc/txp.l)
Inc.** ([LON:TXP](https://www.directorstalkinterviews.com/company/touchstone-exploration-inc/txp.l))
has announced that, further to the Company’s announcement dated June 4, 2026 regarding
the Fundraise, the Company has initially raised aggregate gross proceeds (before
expenses) of US$10.9 million (approximately £8.1 million and C$15.0 million) at 
the Issue Price of 7 pence per New Common Share (equivalent to approximately C$0.13
per New Common Share).

Of the aggregate gross proceeds raised to date, approximately US$10.3 million (approximately
£7.7 million and C$14.3 million) is being subscribed for by the Company’s largest
shareholder, Purebond Limited, by way of the aggregate of the First Tranche Subscription
Shares and the Debt Securities (each as defined in the Fundraise Announcement, which
also provides further details of the Subscription Agreement).

The WRAP Offer remains open for participation and a further announcement will be
made upon its closing confirming, _inter alia_, the final aggregate number of New
Common Shares to be issued, allocations to Purebond, and related party transaction
disclosures.

Canaccord Genuity Limited acted as Nominated Adviser and Lead Bookrunner and Cavendish
Capital Markets Limited acted as a Joint Bookrunner in connection with the Placing.
Canaccord Genuity Corp. acted as Canadian Adviser in respect of the LIFE Offering.

**Admission and Total Voting Rights**

Application will be made to AIM for the First Tranche Subscription Shares, the Placing
Shares, and the LIFE Offering Shares to be admitted to trading on AIM and the TSX
to list the New Common Shares. First Admission is expected to occur on or around
June 10, 2026.

The LIFE Offering Shares will be immediately freely tradable in Canada pursuant 
to the Listed Issuer Financing Exemption.

A further announcement will be made following the close of the WRAP Offer, which
will include the total voting rights in the Company’s share capital at First Admission,
pursuant to the admission of the First Tranche Subscription Shares, the Placing 
Shares, the LIFE Offering Shares and the WRAP Offer Shares.

Capitalised terms used in this announcement but not defined have the meanings given
to them in the Fundraise Announcement.

Share on: