Business
Touchstone Announces Closing of Canadian Private Placement
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATE...
About this update from Touchstone Exploration Inc
[{"type":"text","content":"Touchstone Announces Closing of Canadian Private PlacementNOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.CALGARY, AB / ACCESSWIRE / December 13, 2022 / Touchstone Exploration Inc. (the \"Company\") (TSX, LSE:TXP) announces the closing of its previously announced Canadian private placement of 8,704,400 common shares of the Company at C$0.90 per common share for gross proceeds of C$7.8 million on the same terms as were provided in the Company's news releases dated December 5 and December 6, 2022. The new common shares issued in connection with the private placement have been conditionally approved for trading on the Toronto Stock Exchange and will be admitted to trading on the AIM market of the London Stock Exchange on December 14, 2022.Beacon Securities Limited and Canaccord Genuity Corp. acted as co-lead agents in connection with the private placement on behalf of a syndicate of agents including Cormark Securities Inc.The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the \"1933 Act\") or any state securities laws, and accordingly, were not offered or sold within the United States except in compliance with the registration requirements of the 1933 Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.Touchstone Exploration Inc.Touchstone Exploration Inc. is a Calgary, Alberta 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\".For further information about Touchstone, please visit our website at www.touchstoneexploration.com or contact:Mr. Paul Baay, President and Chief Executive Officer; orMr. Scott Budau, Chief Financial Officer Telephone: 403.750.4487AdvisoriesForward-Looking StatementsCertain information provided in this news release may constitute forward-looking statements and inf...