Touchstone Exploration Raises £7 Million Through Retail Offer and Private Placement

Touchstone Exploration ( (TSE:TXP) ) has provided an update.

Touchstone Exploration Inc. has successfully closed its Retail Offer, issuing 6,181,818 new common shares at 11 pence per share, raising £0.68 million. Combined with a prior private placement, the total gross proceeds amount to £7.0 million, enhancing the company’s financial position and potentially impacting its operational capabilities and market presence.

More about Touchstone Exploration

Touchstone Exploration Inc. is a Calgary, Alberta-based company engaged in acquiring interests in petroleum and natural gas rights, as well as the exploration, development, production, and sale of petroleum and natural gas. The company operates primarily in onshore properties located in the Republic of Trinidad and Tobago, with its common shares traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol ‘TXP’.

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