Director/PDMR Shareholding

RNS Number : 9481O

Touchstone Exploration Inc.

23 May 2018

 

DIRECTORS SHARE PURCHASE PLAN

AND

DIRECTOR / PDMR PURCHASES

Calgary, Alberta - May 23, 2018 - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX / LSE: TXP) announces the commencement of its Non-Executive Director Share Purchase Plan (the "Plan"). The Plan is designed to encourage non-executive directors to invest in common shares of the Company and to allow the Company to provide common shares as an incentive to directors through the Company's contribution. 

All non-executive directors are eligible and encouraged to participate in the Plan. In accordance with the Plan, the Company will match director's common share purchase contributions to a maximum of $10,000 per annum.

Five non-executive directors took part of the Plan and purchased Company common shares on May 18, 2018 at a price of $0.27.

Director/ PDMR dealing

Details with respect to the number of Common shares purchased by Non-Executive Director was as follows:

Non-Executive Director	Common shares purchased from personal contribution	Common shares purchased from Company contribution	Total common shares purchased
Kenneth R. McKinnon	37,037	37,037	74,074
Peter Nicol	37,037	37,037	74,074
Stanley T. Smith	37,037	37,037	74,074
Dr. Harrie Vredenburg	37,037	37,037	74,074
John D. Wright	37,037	37,037	74,074
Total	185,185	185,185	370,370

For further information, please contact:

Touchstone Exploration Inc.

Mr. Paul Baay, President and Chief Executive Officer                                  Tel: [phone]

Mr. Scott Budau, Chief Financial Officer

www.touchstoneexploration.com

Shore Capital (Nominated Advisor and Joint Broker)

Nominated Advisor: Edward Mansfield / Mark Percy / Daniel Bush              Tel: [phone]

Corporate Broking: Jerry Keen

GMP FirstEnergy (Joint Broker)

Jonathan Wright / Hugh Sanderson                                                              Tel: [phone]

Camarco (Financial PR)

Nick Hennis / Jane Glover / Billy Clegg                                                        Tel: [phone]

About Touchstone

Touchstone Exploration Inc. is a Calgary based company engaged in the business of acquiring interests in petroleum and natural gas rights, and the exploration, development, production and sale of petroleum and natural gas. Touchstone is currently active in onshore properties located in the Republic of Trinidad and Tobago. The Company's common shares are traded on the Toronto Stock Exchange and the AIM market of the London Stock Exchange under the symbol "TXP".

Notification of transactions of persons discharging managerial responsibilities and persons closely associated with them

1.	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.   Kenneth R. McKinnon 2.   Peter Nicol 3.   Stanley T. Smith 4.   Dr. Harrie Vredenburg 5.   John D. Wright
2.	Reason for the notification
a)	Position/status	1.   Non-Executive Director 2.   Non-Executive Director 3.   Non-Executive Director 4.   Non-Executive Director 5.   Non-Executive Director
b)	Initial notification /Amendment	Initial notification
3.	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Touchstone Exploration Inc.
b)	LEI	2138008URBSUC1J24J73
4.	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Common Shares of Touchstone Exploration Inc. CA89156L1085
b)	Nature of the transactions	Purchase of Common Shares by the Trustee of the Non-Executive Director Share Purchase Plan
c)	Price(s) and volume(s)	Effective price Volumes 1. $0.27 74,074 2. $0.27 74,074 3. $0.27 74,074 4. $0.27 74,074 5. $0.27 74,074
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	18 May 2018
f)	Place of the transaction	Toronto Stock Exchange

 

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