Touchstone (TSX:TXP) closes $7.8M financing

Touchstone Exploration Inc. (TXP) has closed a $ 7.8 million private placementThe company sold approximately 8.7 million of its common shares for $ 0.90 per shareThe shares have been conditionally approved for the Toronto Stock Exchange and will trade on the AIM market tomorrowTouchstone Exploration acquires interests in petroleum and natural gas rights and works on related projectsTouchstone Exploration Inc. (TXP) is down 1.05 per cent and is trading at $ 0.94 per share as of 3:29 p.m. EST

Touchstone Exploration (TXP) has closed a $ 7.8 million private placement.

The company sold approximately 8.7 million of its common shares for $ 0.90 per share.

The new common shares issued in connection with the private placement have been conditionally approved for trading on the Toronto Stock Exchange. They will be admitted to trading on the AIM market of the London Stock Exchange tomorrow.

Beacon Securities Limited and Canaccord Genuity Corp. acted as co-lead agents in connection with the private placement on behalf of a syndicate of agents.

Touchstone Exploration is a Calgary-based company acquiring interests in petroleum and natural gas rights and works on the exploration, development, production and sale of petroleum and natural gas.

Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago.

Touchstone Exploration Inc. (TXP) is down 1.05 per cent and is trading at $ 0.94 per share as of 3:29 p.m. EST.

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Touchstone (TSX:TXP) closes .8M financingStock