Touchstone Exploration Updates on Private Placement and Operational Progress

Touchstone Exploration ( (TSE:TXP) ) just unveiled an announcement.

Touchstone Exploration Inc. has announced an update on its private placement, with £10.325 million of the £15.375 million in gross proceeds still outstanding. The company has been assured by OAK Securities and Portillion Capital that the remaining funds are expected by June 27, 2025. The Toronto Stock Exchange has extended its conditional approval for the private placement, allowing completion by the same date. Operationally, Touchstone has progressed with the Cascadura-5 development well, having completed the intermediate casing and preparing to drill the primary target zone. This update reflects Touchstone’s ongoing efforts to secure funding and advance its exploration and development activities, which are crucial for its strategic growth and operational success in the oil and gas sector.

More about Touchstone Exploration

Touchstone Exploration Inc. is a Calgary, Alberta-based company focused on 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 shares traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol ‘TXP’.

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