Source - RNS
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: +1 (403) 750-4487

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: +44 (0) 20 7408 4090

Corporate Broking: Jerry Keen

 

GMP FirstEnergy (Joint Broker)

Jonathan Wright / Hugh Sanderson                                                         Tel: +44 (0) 207448 0200

 

Camarco (Financial PR)

Nick Hennis / Jane Glover / Billy Clegg                                                    Tel: +44 (0) 203 757 4980

 

 

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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