Touchstone Gold Limited (“Touchstone”, “TGL” or the “Company”) Reorganisation and Distribution London, 25 November 2016 Touchstone is pleased to provide an update on the Company’s reorganisation (the “Reorganisation”), and Distribution (the “Distribution”) previously outlined in the Management Information Circular (the “Circular”) posted on January 19 2016 and approved by shareholders at a special meeting of shareholders on February 25, 2016. Following the successful completion of the Reorganisation, the Company has distributed new ordinary shares of Intelicrypt Tactical Solutions Limited (“Intelicrypt”) to shareholders of the Company on a onefor- one basis, such that shareholders will own Intelicrypt shares in the same proportions as they owned common shares of TGL. The share capital of Intelicrypt will consist of 680,982,900 ordinary shares. Intelicrypt owns 100% of TGL Services (UK) Limited, which in turn owns the businesses under the trading name GOS Systems. Intelicrypt will be hosting a business update meeting for investors that is planned to take place no later than December 15th. Details of the meeting will be distributed to all Intelicrypt shareholders prior to the end of November. For further information please contact: Touchstone Gold Limited Company Secretary Tel: +44 20 3301 9330
Thanks Chessy, all sounds good although sounds like 2017 is back off for listing. Would be nice to get things going again, however the main thing is we are still in the game and their is hope for good returns over the longer term.
• Distribution to shareholders of Intelicrypt shares certs due next week, they will be sent out by a new registrar (not comp-share, who were too expensive.) • Communication to include arrangements for a conference call with investors and/or a meeting invite, intention to be held before year end. • GOS business doing well and on a stable footing, balance sheet much healthier. The debt it has is in the form of convertible loans to Stanhill and another investor. • Listing requires (I asked if planed in 2017,) more value in the business otherwise the cost to list would drain working capital and create a step back. • They are looking into whether organic growth is best, or further acquisitions.
Thank you foolsgold, very reassuring, I have not built a relationship with Trevor as I suspected this is one that just needs time and I have a bigger delisted investment that is taking up my main focus. Again time should be a good healer on that one also.
Considering the delays I had a positive conversation with Trevor Wells today>>>>>>>> Without making any commitments or elaborating on what was discussed I still have some confidence that at some point in 2017 we may have a re-listing.
Hi Sons of Gwalia, have you spoken to Trevor recently, I don't think anyone has received their share certificates yet just wondering if things are progressing. Would be interested if anyone has spoken directly to the company recently?
I note that the changes being reported today actually occurred on 1st. June.
10 Oct 2016 AP01 Appointment of Mr Idris Tariq Khan as a director on 1 June 2016 View PDF ( Appointment of Mr Idris Tariq Khan as a director on 1 June 2016 - link opens in a new window ) (2 pages)
10 Oct 2016 TM01 Termination of appointment of Franz Alexander Forrester as a director on 1 June 2016 View PDF ( Termination of appointment of Franz Alexander Forrester as a director on 1 June 2016 - link opens in a new window ) (1 page)
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