on Touchstone Exploration, Inc. (CVE:TXP)
Touchstone Exploration Completes Fundraise and Schedules AGM
Touchstone Exploration Inc. has announced the completion of its fundraise. The company issued 26,631,330 new common shares, which have received conditional approval for listing on the Toronto Stock Exchange and are now trading on the AIM market of the London Stock Exchange. Additionally, Touchstone has issued USD 8.4 million in unsecured non-convertible debt securities to Purebond Limited.
The Annual and Special Meeting of Shareholders is set for July 23, 2026, to be conducted virtually. Shareholders will receive a notice regarding meeting materials, available electronically. A significant topic for discussion will be the approval for the full repayment of debt securities to be used for the subscription of new common shares.
This transaction involves Purebond, a related party under MI 61-101 regulations. Disinterested shareholder approval is necessary, excluding participating insiders from voting. The proposed changes could see Purebond becoming a control person in the company.
R. P.
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