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Touchstone Exploration Inc.
Touchstone Exploration Inc.
Registriert in: Kanada WKN: A1KA7A Rohstoffe:
Art: Originalaktie ISIN: CA89156L1085 Rohöl
Heimatbörse: TSX Alternativ: PBEGF
Währung: CAD    
Symbol: TXP.TO Forum:

Touchstone Exploration Inc. Announces AIM Rule 17 Schedule 2(g) Update

23.03.2023 | 3:00 Uhr | Accesswire

CALGARY, March 23, 2023 - Touchstone Exploration Inc. ("Touchstone") (TSX:TXP)(LSE:TXP) provides the following information under Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies.

On November 30, 2017, Mr. John D. Wright, Chairman of Touchstone, became a director of OAN Resources Ltd. ("OAN"), a private company registered in Canada. On June 14, 2019, the management of OAN filed a Notice of Intention ("NOI") to Make a Proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act to restructure OAN's affairs. At the time of the NOI, OAN was estimated to have a creditor deficiency of approximately C$5.1 million. Mr. Wright resigned his director position on October 10, 2019. OAN was unable to file a proposal within the provided period and was deemed to have made an assignment into bankruptcy on October 16, 2019. OAN's assets were subsequently sold by the trustee of the bankrupt estate.

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
Mr. Scott Budau, Chief Financial Officer

Tel: +1 (403) 750-4487

Shore Capital (Nominated Advisor and Joint Broker)
Daniel Bush / Toby Gibbs / Iain Sexton

Tel: +44 (0) 207 408 4090

Canaccord Genuity (Joint Broker)
Adam James / Gordon Hamilton

Tel: +44 (0) 207 523 8000

FTI Consulting (Financial PR)
Nick Hennis / Ben Brewerton

Tel: +44 (0) 203 727 1000
Email: touchstone@fticonsulting.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".

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Touchstone Exploration Inc.

View source version on accesswire.com:

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