Touchstone Exploration Updates on Private Placement Progress

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

Touchstone Exploration Inc. has provided an update on its previously announced £15.375 million private placement, revealing that £10.325 million of the funds remain outstanding. The company has received £5.05 million so far, which has been allocated to the Cascadura drilling program and general working capital. The outstanding funds are expected to be settled by June 20, 2025, and the delay has not impacted current capital activities. The Toronto Stock Exchange has extended its conditional approval for the completion of the offering by the same date.

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 trades on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol ‘TXP’.

For a thorough assessment of TXP stock, go to TipRanks’ Stock Analysis page.