CALGARY, ALBERTA - Touchstone Exploration (OTC:PBEGF) Inc. (TSX, LSE: TXP), a Calgary-based oil and natural gas company, disclosed on January 3, 2025, that several of its top executives have purchased common shares as part of its Employee Share Purchase Plan. The transactions took place on January 2, 2025, on the Toronto Stock Exchange.
The individuals participating in the share purchases include President and CEO Paul R. Baay, CFO Scott Budau, EVP Engineering and Business Development Brian Hollingshead, and EVP Asset Development and HSE James Shipka. Each executive acquired shares at a price of C$0.46 with varying volumes: Baay purchased 13,524 shares, Budau 8,655 shares, Hollingshead 7,032 shares, and Shipka another 8,655 shares.
Touchstone Exploration Inc. operates in the energy sector, focusing on the acquisition, exploration, development, and production of petroleum and natural gas properties. Currently, the company's activities are concentrated onshore in the Republic of Trinidad and Tobago.
The share purchases by the company's executives are initial transactions under the Employee Share Purchase Plan, which is intended to align the interests of employees and directors with those of the shareholders. The plan allows eligible participants to buy common shares of the company, thereby directly investing in the company's future.
The company's common shares are publicly traded on both the Toronto Stock Exchange and the AIM market of the London Stock Exchange (LON:LSEG) under the symbol "TXP." This information regarding the share purchases has been officially announced through a press release statement and is in accordance with the requirements of the London Stock Exchange's RNS news service.
Investors and interested parties can find more details about Touchstone Exploration Inc. on the company's website. However, the company has not provided any additional comments on the share purchases beyond the factual reporting of the transactions.
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