Touchstone Exploration shares slump as equity proceeds fall short

  • Touchstone Exploration Inc (AIM:TXP, TSX:TXP, OTCBEGF) shares slumped on Monday after the oil and gas junior was forced to close its previously announced £15.38 million equity raise with only $5.05 million proceeds in its coffers. Some £10 million pledged by Portillion Capital Asset Management had still not been received by the time a 27 June deadline passed.