EMPLOYEE SHARE PURCHASE PLAN & DIRECTOR PURCHASES

RNS Number : 0549F

Touchstone Exploration Inc.

05 March 2020

 

EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES

CALGARY, ALBERTA (March 5, 2020) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) announces the following purchases under its Employee Share Purchase Plan.

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	1.  Paul R. Baay 2.  Scott Budau 3.  James Shipka
2	Reason for the notification
a)	Position/status	1.  President and Chief Executive Officer 2.  Chief Financial Officer 3.  Chief Operating Officer
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 transaction	Purchase of common shares by the Trustee of the Employee Share Purchase Plan
c)	Price(s) and volume(s)	Effective Price Volumes 1. C$ 0.62 6,250 2. C$0.62 4,839 3. C$0.62 4,839
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	02/03/2020
f)	Place of the transaction	Toronto Stock Exchange

Touchstone Exploration Inc.

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 " .

For further information about Touchstone, please visit our website at www.touchstoneexploration.com or contact:

Touchstone Exploration Inc.

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

Mr. Scott Budau, Chief Financial Officer

Shore Capital (Nominated Advisor and Broker)

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

Corporate Broking: Jerry Keen

Camarco (Financial PR)

Nick Hennis / Billy Clegg    Tel: [phone]

 

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