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| Home : Touchstone Gold Limited: Closing of Previously Announced Equity Transactions |
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Feb 11
2014 |
Touchstone Gold Limited: Closing of Previously Announced Equity Transactions |
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LONDON, UNITED KINGDOM--(Marketwired - Feb. 11, 2014) - Touchstone Gold Limited ("Touchstone" or the "Company") (AIM:TGL) (TSX:TCH) is pleased to announce that it has closed its previously announced equity transactions. The Company has issued 6,457,177 deferred units at a price of 0.932 pence of which 0.230 was received on closing, with the balance to be paid when called upon by the Directors of the Company. The deferred units will automatically convert into common shares of the Company on a one-for-one basis once fully paid. The net proceeds will be used for general corporate purposes. The deferred unites were subscribed equally between Robert Buchan and ECK Partners Holdings Limited, which is beneficially owned by Ilyas Khan. |
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| Source:http://www.marketwired.com/mw/release.do?id=1877550&sourceType=3 |
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