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Touchstone Exploration (TSX:TXP) Raises £15.375 Million in Private Placement and Signs Debt Financing Deal
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Highlights
Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP)(LSE:TXP) has announced that it has raised £15.375 million (approximately US$20.5 million) through a private placement of 75,000,000 new common shares. This was completed with institutional and other investors in the United Kingdom. The placement price for the new shares was set at 20.5 pence each, representing an 11.8% discount to the last closing price on the AIM market of the London Stock Exchange (LSE) on May 7, 2025.
The placement will result in new shares representing about 24.1% of the enlarged total issued share capital of Touchstone, increasing the total number of common shares to 311,460,661 post-admission. The company will apply for these new shares to be admitted for trading on both the Toronto Stock Exchange (TSX) and AIM. The settlement and admission process is expected to complete by May 15, 2025.
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