Touchstone Exploration (OTC) (TSE:TXP) has released an update.
Touchstone Exploration Inc. has successfully expanded its banking facilities, securing an additional $10 million non-revolving term loan and augmenting the borrowing capacity of its existing revolving loan facility from $7 million to $10 million. The capital injection is earmarked to finance Touchstone’s 2024 capital program and to provide for general working capital needs. This strategic financial maneuver aims to bolster the company’s petroleum and natural gas operations in Trinidad and Tobago.
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