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Touchstone Exploration, a new placing, Oak dropped but, disgracefully, no sanctions

Tom Winnifrith
Friday 24 October 2025
On May 8 TSX and AIM listed dog Touchstone Exploration (TXP) announced that “it has successfully raised £15.375 million” at 20.5p. That was a lie. By mid June it fessed that just over £10 million of the cash had not arrived, including funds “secured” by Jerry Keen and Oak Securities. In several RNS statements Touchstone gave various dog ate homework excuses before finally ‘fessing that the cash was not coming so there was a black hole. It said it would purse legal action. Today…

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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