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Touchstone Exploration Inc T.TXP

Alternate Symbol(s):  PBEGF

Touchstone Exploration Inc. is a Canada-based company, which is engaged in the business of petroleum and natural gas exploration, development, acquisition and production. The Company is active in onshore properties located in the Republic of Trinidad and Tobago. It operates Trinidad-based upstream petroleum and natural gas activities under state exploration and production licenses with the Trinidad and Tobago Ministry of Energy and Energy Industries (MEEI), Lease Operatorship Agreements (LOAs) with Heritage Petroleum Company Limited and private subsurface and surface leases with individual landowners. It is focused on onshore oil and natural gas properties located in southern Trinidad. With interests in approximately 145,000 net working interest acres of core exploration and development rights. Its core focus is on exploration and development on the Ortoire block and development production on its five onshore lease operatorship properties (CO-1, WD-4, WD-8, Fyzabad, and Balata East).


TSX:TXP - Post by User

Comment by stanleyon May 18, 2023 10:55am
195 Views
Post# 35454511

RE:RE:Tipping fine

RE:RE:Tipping fine
Lurk & Learns:

The panacea of 100% compliance at initial listing is totally unrealistic. And as per the Chair's comment, (paraphrased) compliance is always a work in progress, especially if a precursor to an uplisting application from junior to mid-cap.

I am 100% certain that not all members of any/all Canadian Stock Exchange  is 100% compliant with any and all of their listing "fine print", especially not a Junior listed on the ASE, who I might add have a legal firm listed on the back pages of their Market Updates.

Point being, (the precedent) the originator of this SH thread (who might be on my ignore list), might not be fully aware of what the word/term used on a faceless board (WITHOUT PROOF) might attract as a consequence of its use. 

This might also extend to the "term" widely/usually associated in Case Law with the past action of a major canadian bank. 

Unfortunately, Canada Stockwatch also used the same wording in it's article, to which the TXP Chair stressed was not used/alluded to the settlement.

So why "all the fuss"?? Someone combing past practice(s) for possible "skeletons"? i.e. especially as TXP approaches some significant rerating? Roadblocking?

Meaning those using said "term" might be exposed to a measured (legal) response by TXP.

BWDIK?  The Link is as follows:

Alberta Securities Exchange vis a vis "Settlement"

GLTAL GLAP Caveat Emptor 

Cheers
Stanley
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