Touchstone Exploration

Shareholders of Touchstone Exploration approved all items on the agenda at the virtual annual and special meeting, including fixing the number of directors at seven and electing all seven nominees. Ernst & Young was appointed auditor. They approved the issuance of up to 63,555,276 common shares to JJR Wood in connection with a convertible debenture, the repayment of a non-convertible debenture of Purebond and the issuance of up to 89,765,000 common shares to Purebond; these actions are subject to regulatory approval, including that of the Toronto Stock Exchange. Upon admission of the new shares, Touchstone is expected to have 441,129,939 common shares outstanding, with Purebond holding about 160,000,000 shares (approximately 36.3%); Purebond is controlled by the Kansagra family, and director Bhupendra Kansagra has an indirect beneficial interest. » Mere på de.investing.com

Paul R. Baay, president and CEO of Touchstone Exploration, acquired 183,800 common shares on the Toronto Stock Exchange at C$0.135 per share. The transaction was reported in accordance with the UK Market Abuse Regulation. Touchstone Exploration operates onshore oil and gas fields in the Republic of Trinidad and Tobago. » Mere på de.investing.com

Touchstone Exploration is offering eligible retail investors in the United Kingdom up to 10,640,714 new ordinary shares via Winterflood Retail Access at 7 pence per share to raise up to $1.0 million. The offer is part of a broader fundraising that includes a direct subscription by major shareholder Purebond, an institutional placing and a private placement in Canada, aiming to raise $10–15 million in total. The issue price represents a 3.4% discount to the closing price on 3 June 2026, the minimum subscription is £100, and the new shares are expected to be admitted to AIM and Toronto on 10 June 2026, with completion dependent on the other capital measures. » Mere på de.investing.com