Touchstone Exploration (TSE:TXP) has released an update.
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Touchstone Exploration Inc. has declared its all-share offer for Trinity Exploration & Production Plc final, refusing to increase the bid despite a competing offer from Lease Operators Limited. The company has secured irrevocable commitments from Trinity shareholders representing approximately 41.29% of its share capital, blocking the alternative court-sanctioned scheme proposed by Lease Operators. Touchstone remains focused on delivering shareholder value and progressing towards production from its Cascadura wells.
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