VOTING RESULTS OF 2022 SHAREHOLDERS' MEETING

RNS Number : 3994O

Touchstone Exploration Inc.

10 June 2022

 

VOTING RESULTS OF 2022 SHAREHOLDERS' MEETING

CALGARY, ALBERTA (June 10, 2022) - Touchstone Exploration Inc. ( " Touchstone " or the " Company " ) (TSX, LSE: TXP) announces that its shareholders approved all resolutions at its 2022 Annual Meeting of Shareholders (the "Meeting") held virtually on June 9, 2022. A total of 49,961,990 common shares representing 23.54% of Touchstone's issued and outstanding common shares were voted in connection with the Meeting.

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 99.92% 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:

Director Nominee	Votes For		Votes Withheld
	Number	Percent (%)	Number	Percent (%)
Paul R. Baay	42,555,432	98.65	581,504	1.35
Kenneth R. McKinnon	42,064,562	97.51	1,072,374	2.49
Peter Nicol	43,109,292	99.94	27,644	0.06
Beverley Smith	43,084,150	99.88	52,786	0.12
Stanley T. Smith	41,900,686	97.13	1,236,250	2.87
Thomas E. Valentine	42,538,825	98.61	598,111	1.39
Dr. Harrie Vredenburg	42,841,542	99.32	295,394	0.68
John D. Wright	43,095,274	99.90	41,662	0.10

3.  Resolution to appoint the firm of KPMG LLP, Chartered Professional Accountants, to serve as auditors of Touchstone for the ensuing year at such remuneration as may be determined by the Company's board of directors, with 99.84% 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 under 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)

Daniel Bush / Toby Gibbs / Michael McGloin                                           Tel: [phone]

Canaccord Genuity (Joint Broker) 

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

Camarco (Financial PR)

Billy Clegg / Emily Hall / Lily Pettifar                                      Tel: [phone]

 

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