Touchstone Exploration (TSE:TXP) has released an update.
Touchstone Exploration Inc. has experienced a decrease in shareholder support for its offer to acquire Trinity Exploration & Production Plc, with shareholder Mr. Andrew Byles selling off a significant portion of his shares, leaving him with 0.45% as of the last announcement. Despite these sales, Touchstone still holds irrevocable undertakings and letters of intent representing approximately 39.32% of Trinity’s share capital. This acquisition process continues to evolve, with legal and financial advisors Shore Capital and Canaccord Genuity involved in the transaction.
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