APPROVAL OF RESOLUTIONS AT AGM OF SHAREHOLDERS

RNS Number : 8939O

Touchstone Exploration Inc.

04 June 2020

 

TOUCHSTONE ANNOUNCES APPROVAL OF RESOLUTIONS AT ANNUAL GENERAL MEETING OF SHAREHOLDERS

CALGARY, ALBERTA (June 4, 2020) - Touchstone Exploration Inc. ( " Touchstone " or the " Company " ) announces that its shareholders approved all resolutions at its Annual Meeting of Shareholders (the "Meeting") held on June 3, 2020.

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 seven, with 83.78% of the common shares represented at the Meeting voting in favour of the resolution.

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 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	39,484,167	98.99	403,179	1.01
Kenneth R. McKinnon	34,764,027	87.16	5,123,319	12.84
Peter Nicol	35,301,859	88.50	4,585,487	11.50
Stanley T. Smith	35,284,643	88.46	4,602,703	11.54
Thomas E. Valentine	34,843,777	87.36	5,043,569	12.64
Dr. Harrie Vredenburg	35,284,384	88.46	4,602,962	11.54
John D. Wright	39,686,453	99.50	200,893	0.50

3.  Resolution to appoint the firm of Ernst & Young LLP, Chartered Professional Accountants, to serve as auditors of the Company until the next annual meeting of shareholders at such remuneration as may be determined and fixed by the directors of the Company, with 99.72% of the common shares represented at the Meeting voting in favour of the resolution.

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 Joint Broker)

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

Corporate Broking: Jerry Keen

Canaccord Genuity (Joint Broker) 

Adam James / Thomas Diehl                                                                      Tel: [phone]

Camarco (Financial PR)

Nick Hennis / Billy Clegg                                          Tel: [phone]

 

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