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Highlights
Touchstone Exploration Inc. (TSX:TXP) is a Calgary, Alberta-based oil and gas company focused on onshore exploration, development, and production in Trinidad and Tobago. The company holds interests in several petroleum and natural gas rights in the country and is listed on both the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol TXP. Its current activities include field development and drilling programs aimed at increasing domestic energy production.
The company has provided an update on the status of its GBP 15.375 million private placement originally announced on May 8, 2025. As of mid-June, the company has received GBP 5.05 million in gross proceeds, while GBP 10.325 million remains outstanding. Touchstone was advised by placement agents Portillion Capital and OAK Securities that final documentation is being completed for institutional investors involved in the remaining funding. The company expects to receive the remaining proceeds on or before the close of business on June 20, 2025.
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