| Home : November 2010 : November 19, 2010 News : Touchstone Announces Revision of Offering Terms and Pricing of Subscription Receipt Financing |
Touchstone Announces Revision of Offering Terms and Pricing of Subscription Receipt Financing |
November 19, 2010
CALGARY, ALBERTA--(Marketwire - Nov. 19, 2010) - Touchstone Exploration Inc. (TSX VENTURE:TAB.U) ("Touchstone" or the "Company") announces that it has revised the offering terms and has agreed on the pricing of its previously announced marketed "best efforts" private placement. Touchstone has agreed to issue up to 22,727,273 subscription receipts ("Subscription Receipts") for aggregate gross proceeds of up to (US)$12,500,000 million (the "Offering"). Each Subscription Receipt will be priced at (US)$0.55 and entitle the holder thereof to receive, without payment of any additional amount or further action, one unit ("Unit") of Touchstone. Each Unit will consist of one common share ("Common Share") of Touchstone and one-half of one Common Share purchase warrant ("Warrant"), with each whole Warrant bei
http://www.marketwire.com/mw/release.do?id=1357147&sourceType=3
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