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Touchstone Exploration Secures Amended Loan for Strategic Acquisition

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Touchstone Exploration Secures Amended Loan for Strategic Acquisition

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

Touchstone Exploration Inc. has announced an amended loan agreement through its Trinidadian subsidiary to support a pending acquisition. The agreement includes a new $30 million six-year non-revolving term loan facility, which will be used to finance the acquisition of a Trinidadian company. This strategic move is expected to enhance Touchstone’s operational capabilities and strengthen its market position in Trinidad and Tobago’s energy sector.

More about Touchstone Exploration

Touchstone Exploration Inc. is a Calgary, Alberta-based company involved 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 in the Republic of Trinidad and Tobago and is publicly traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol ‘TXP’.

For detailed information about TXP stock, go to TipRanks’ Stock Analysis page.

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