EMPLOYEE SHARE SCHEME & DIRECTOR / PDMR PURCHASES

RNS Number : 3943L

Touchstone Exploration Inc.

19 April 2018

 

EMPLOYEE SHARE PURCHASE PLAN

AND

DIRECTOR / PDMR PURCHASES

Calgary, Alberta - April 19, 2018 - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX / LSE: TXP) announces the reinstatement of its Employee Share Purchase Plan (the "Plan"). The Plan is designed to encourage employees to invest in common shares of the Company through employee savings and to allow the Company to provide common shares as an incentive to employees through the Company's contribution. 

All employees are eligible to participate in the Plan and can contribute 3 to 5% of their earnings. Touchstone will match the employee's contribution in the range of 100% to 200% based on their historical participation in the Plan.

The first purchase of the reinstated Plan was April 16, 2018 and common shares were placed into employee's accounts on April 18, 2018. The common shares were purchased at a price of $0.25. 

Director/ PDMR dealing

Mr. Paul R. Baay, President and Chief Executive Officer, purchased 2,750 common shares. In accordance with the Plan the Company purchased a further 5,500 common shares resulting in a total purchase of 8,250 common shares.

Mr. James Shipka, Chief Operating Officer, purchased 1,833 common shares. In accordance with the Plan the Company purchased a further 3,667 common shares resulting in a total purchase of 5,000 common shares

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 Adviser: Edward Mansfield / Mark Percy                                 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".

 

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	Paul R. Baay
2	Reason for the notification
a)	Position/status	Chief Executive 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 in 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)	Price(s) Volume(s) $0.25 8,250
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	16/04/2018
f)	Place of the transaction	Toronto Stock Exchange

1	Details of the person discharging managerial responsibilities / person closely associated
a)	Name	James Shipka
2	Reason for the notification
a)	Position/status	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 in 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)	Price(s) Volume(s) $0.25 5,000
d)	Aggregated information - Aggregated volume - Price	N/A (single transaction)
e)	Date of the transaction	16/04/2018
f)	Place of the transaction	Toronto Stock Exchange

 

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