Market Impact: Positive. Touchstone continues to monetize its non-core asset. The Company divested its interest in the Dawson area property for cash consideration of C$2.15 mm. The cash proceeds will reduce Touchstone's net debt position to C$4.0 mm at the end of 3Q15e.
22 Jul 2015
TOUCHSTONE EXPLORATION INC. (TXP) DIVESTS OF ITS DAWSON AREA PROPERTY
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TOUCHSTONE EXPLORATION INC. (TXP) DIVESTS OF ITS DAWSON AREA PROPERTY
Touchstone Exploration Inc (TXP:LON) | 50.5 0 0.0% | Mkt Cap: 118.3m
- Published:
22 Jul 2015 -
Author:
Darren B. Engels -
Pages:
2
Market Impact: Positive. Touchstone continues to monetize its non-core asset. The Company divested its interest in the Dawson area property for cash consideration of C$2.15 mm. The cash proceeds will reduce Touchstone's net debt position to C$4.0 mm at the end of 3Q15e.