Result of AGM

RNS Number : 4706B

Touchstone Exploration Inc.

10 June 2021

 

TOUCHSTONE ANNOUNCES VOTING RESULTS OF 2021 SHAREHOLDERS' MEETING

CALGARY, ALBERTA (June 9, 2021) - Touchstone Exploration Inc. ( " Touchstone " or the " Company " ) (TSX, LSE: TXP) announces that its shareholders approved all resolutions at its 2021 Annual Meeting of Shareholders (the "Meeting") held virtually on June 9, 2021.

During the business proceedings of 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 eight, with 99.87% of the common shares represented at the Meeting voting in favour of the resolution.

2.  Shareholders approved the election of eight nominees as directors of Touchstone to serve until the next annual meeting of shareholders or until their successors are duly elected or appointed, with the number and percentage of common shares represented at the Meeting voting 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	47,355,099	98.83	560,007	1.17
Kenneth R. McKinnon	47,402,843	98.93	512,263	1.07
Peter Nicol	42,988,517	89.72	4,926,589	10.28
Beverley Smith	47,905,015	90.76	4,876,506	9.24
Stanley T. Smith	42,603,618	88.91	5,311,488	11.09
Thomas E. Valentine	40,795,984	85.14	7,119,122	14.86
Dr. Harrie Vredenburg	42,847,141	89.42	5,067,965	10.58
John D. Wright	47,830,719	99.82	84,387	0.18

3.  Resolution to appoint the firm of Ernst & Young LLP, Chartered Professional Accountants, to serve as auditors of the Company for the ensuing year at such remuneration as may be determined by the board of directors of Touchstone, with 99.88% of the common shares represented at the Meeting voting in favour of the resolution.

4.  Ordinary resolution approving all unallocated options under the Company's stock option plan, with 83.30% of the common shares represented at the Meeting voting in favour of the resolution.

5.  Ordinary resolution confirming the continuation of the Company's shareholder rights plan and approving the amendment and restatement of Touchstone's shareholder rights plan agreement, with 89.79% of the common shares represented at the Meeting voting in favour of the resolution.

Full voting results on all matters considered at the Meeting are available on Touchstone's profile on SEDAR, located at  www.sedar.com .

Touchstone Exploration Inc.

Touchstone Exploration Inc. is a Calgary, Alberta 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 Joint Broker)

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

Corporate Broking: Jerry Keen

Canaccord Genuity (Joint Broker) 

Adam James / Henry Fitzgerald O'Connor / Thomas Diehl                         Tel: [phone]

Camarco (Financial PR)

Nick Hennis / Billy Clegg                                           Tel: [phone]  

 

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