Touchstone Exploration Retail Offer

Executive Summary

• Touchstone Exploration Inc. announced a retail offer to raise up to £0.68 million by issuing 6,181,818 new common shares at 11 pence per share.
• The retail offer is separate from, but concurrent with, a private placing of additional shares; completion of the retail offer is conditional on admission of the new shares to the TSX and AIM and on the closing of the placing.
• Expected timetable: offer opens 07:05 GMT 24 Oct, commitments close 16:30 GMT 28 Oct, results announced 07:00 GMT 29 Oct, and trading of the new shares begins around 08:00 GMT 30 Oct.

Key Details

• Issue Size: Up to £0.68 million (≈6.18 M shares).
• Issue Price: 11 pence per share – ~2.2% discount to the prior day’s closing price of 11.25 pence.
• Structure: BookBuild retail offer; separate private placing also at the same issue price (details disclosed in a parallel announcement).
• Use of Proceeds: Identical to the private placing – funds will be used for general corporate purposes as outlined in the placing announcement (not restated here).
• Conditionality:
• Admission of the new shares to trading on both the Toronto Stock Exchange (TSX) and AIM (London Stock Exchange) is required. Expected admission around 08:00 GMT 30 Oct 2025.
• Completion is also dependent on the successful closing of the concurrent private placing.
• Timetable:
• Offer opens: 07:05 GMT, 24 Oct 2025
• Commitment deadline: 16:30 GMT, 28 Oct 2025 (may close earlier if oversubscribed)
• Results announced: 07:00 GMT, 29 Oct 2025
• Trading commencement: ~08:00 GMT, 30 Oct 2025
• Eligibility: Open only to existing shareholders resident in the United Kingdom who are customers of listed intermediaries on the BookBuild platform; minimum subscription £100. No maximum application amount.
• Coordinator & Brokers: Shore Capital Stockbrokers Ltd (Retail Offer Coordinator); joint brokers include Shore Capital and Canaccord Genuity.
• Share Details:
• Ticker: TXP
• ISIN: CA89156L1085
• SEDOL: BD8ZCD4
• Regulatory Notes: Offer is exempt from prospectus requirements under UK law; not offered to U.S., Australian, Canadian, Japanese, South African, EEA or other restricted jurisdictions.

Notable Quotes

(No direct CEO/President quotes were included in the release.)