on Touchstone Exploration, Inc. (CVE:TXP)
Touchstone Exploration Announces UK Retail Share Offer
Touchstone Exploration Inc. has unveiled a retail offer to raise up to £0.68 million through the issuance of 6,181,818 new common shares priced at 11 pence each. This offer is directed at existing UK retail shareholders and is separate from a concurrent placing of new common shares. The issue price marks a 2.2% discount compared to the previous closing share price.
The funds raised from this retail offer align with the broader fundraising activities of the company, emphasizing a strategic move to engage its retail shareholder base. The new shares will be traded on the Toronto and London Stock Exchanges, pending regulatory approval.
Scheduled to conclude on October 28, 2025, the retail offer underscores Touchstone's commitment to involving retail investors in its financial strategies, subject to standard market conditions and commission through designated intermediaries.
R. E.
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