3rd Jul 2017 07:00
3 July 2017
Touchstone Exploration Inc.
("Touchstone" or the "Company")
Grant of share options
Touchstone Exploration Inc. (LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, announces the granting of share options to Non-executive Directors in line with the Company's stock option plan as detailed on page 32 of the AIM Admission Document dated 25th May 2017. 447,500 common shares have been set aside and reserved for issuance once excercised. The options can be excised at a price of $0.15 based on the five-day weighted average trading price on the Toronto Stock Exchange (the "TSX"), ending at the close of the trading day on June 27, 2017. Details with respect to the share option grant are as follows:
Name | Share Options Awarded | Vesting | Expiry (years) |
John Wright | 102,500 | 33.3% June 27, 2018 33.3% June 27, 2019 33.4% June 27, 2020 | 5 |
Ken McKinnon | 95,000 | 33.3% June 27, 2018 33.3% June 27, 2019 33.4% June 27, 2020 | 5 |
Peter Nicol | 95,000 | 33.3% June 27, 2018 33.3% June 27, 2019 33.4% June 27, 2020 | 5 |
Harrie Vredenburg | 80,000 | 33.3% June 27, 2018 33.3% June 27, 2019 33.4% June 27, 2020 | 5 |
Tom Valentine | 75,000 | 33.3% June 27, 2018 33.3% June 27, 2019 33.4% June 27, 2020 | 5 |
Total stock options granted | 447,500 | ||
Ends
For further information, please contact:
Touchstone Exploration Inc. | |
Mr. Paul Baay, President and Chief Executive Officer | Tel: +1 (403) 750-4487 |
Mr. Scott Budau, Chief Financial Officer | |
Shore Capital (Nominated Advisor and Joint Broker) | |
Nominated Adviser: Edward Mansfield / Mark Percy / James Wolfe | Tel: +44 (0) 20 7408 4090 |
Corporate Broking: Jerry Keen | |
GMP FirstEnergy (Joint Broker) | |
Jonathan Wright / Hugh Sanderson | Tel: +44 (0) 207 448 0200 |
Camarco (Financial PR) | |
Nick Hennis / Jane Glover / Billy Clegg | Tel: +44 (0) 203 757 4980 |
About Touchstone
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".
Related Shares:
Touchstone Exploration