CALGARY, ALBERTA (By Touchstone, 8.Jun.2026, Words: 227) — Touchstone Exploration Inc. announced completion of its WRAP retail offer, which closed on 5 Jun. 2026, together with the previously announced subscription, placing and LIFE offering (collectively, the “Fundraise”).
The Fundraise raised aggregate gross proceeds of $10.9mn (approximately ÂŁ8.1mn and C$15.1mn) before expenses. The proceeds comprise $1.9mn from the subscription by Purebond Limited, approximately $8.4mn from the issuance of unsecured non-convertible debt securities pursuant to the subscription agreement with Purebond, and approximately $0.6mn in aggregate from investors participating in the placing, LIFE offering and WRAP retail offer.
In aggregate, 26,631,330 new common shares have been conditionally placed with, or subscribed for by, new and existing investors at the issue price of 7 pence and C$0.13 per new common share. The new common shares represent approximately 8.2 percent of the issued share capital of the company prior to the Fundraise.
Of the 26,631,330 new common shares, 20,235,000 common shares are being subscribed for by Purebond, raising gross proceeds of approximately $1.9mn (approximately ÂŁ1.4mn and C$2.6mn). In addition, pursuant to the subscription agreement, the company has issued unsecured non-convertible debt securities to Purebond for gross proceeds of approximately $8.4mn (approximately ÂŁ6.3mn and C$11.7mn).
The debt securities were not issued at the issue price. Investors are referred to the company’s fundraise launch announcement dated 4 Jun. 2026 for further details of the subscription agreement.
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