Result of AGM

RNS Number : 3464R

Touchstone Exploration Inc.

14 June 2018

 

APPROVAL OF RESOLUTIONS AT AGM

Calgary, Alberta - June 14, 2018 - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX / LSE: TXP) announces that on June 13, 2018, it held its annual general meeting of shareholders (the "Meeting"). During the business proceedings at the Meeting, Touchstone's shareholders approved the following resolutions:

1.   Resolution to fix the number of directors of the Company to be elected at the Meeting at seven.

2.   Shareholders approved the election of seven nominees as directors of Touchstone to serve until the next annual meeting of shareholders or until their successors are elected or appointed, with the number and percentage of common shares represented at the Meeting voting by way of ballot in favour of and withheld from voting for each of the individual nominees as follows:

Name of Director Nominee	Votes For		Votes Withheld
	Number	Percent (%)	Number	Percent (%)
Paul R. Baay	43,649,370	99.38	272,840	0.62
Kenneth R. McKinnon	43,711,755	99.52	210,455	0.48
Peter Nicol	43,784,269	99.69	137,941	0.31
Stanley T. Smith	43,784,876	99.69	137,334	0.31
Thomas E. Valentine	43,668,907	99.42	253,303	0.58
Dr. Harrie Vredenburg	43,707,481	99.51	214,729	0.49
John D. Wright	43,608,477	99.29	313,733	0.71

3.   Resolution to re-appoint Ernst & Young LLP, Professional Chartered Accountants, as auditors of the Company for the ensuing year, at such remuneration as may be determined and fixed by the directors of the Company.

4.   Resolution to approve all unallocated options under the stock option plan of the Company, with 98.79% of the common shares represented at the Meeting voting in favour of the resolution.

5.   Resolution to confirm the existing shareholder rights plan of the Company, with 67.38% of the common shares represented at the Meeting voting in favour of the resolution.

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".

 

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