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Touchstone Exploration Inc. (TSX: TXP | LSE: TXP) is a Calgary-based company engaged in the exploration, development, and production of petroleum and natural gas. The company operates onshore oil and gas assets in the Republic of Trinidad and Tobago. Its shares are listed on the Toronto Stock Exchange and London’s AIM market under the symbol “TXP.”
The company has provided an update on its previously announced private placement arranged by Portillion Capital Asset Management and Oak Securities. As of June 27, 2025—the extended deadline for completion—Touchstone received £5,050,500 in gross proceeds, out of a total £15,375,000 announced. £10,324,500 remains outstanding, including £10,000,000 related to Portillion’s subscription commitment.
In line with regulatory conditions, Touchstone closed on the amount received and issued 24,636,586 new common shares. The remaining 50,363,414 shares, which were held in escrow by a settlement agent, will be cancelled due to non-payment.
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