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Touchstone Explrtn. (TXP)

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Thursday 10 June, 2021

Touchstone Explrtn.

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: +1 (403) 750-4487

Mr. Scott Budau, Chief Financial Officer

 

Shore Capital (Nominated Advisor and Joint Broker)

Nominated Advisor: Edward Mansfield / Daniel Bush / Michael McGloin  Tel: +44 (0) 207 408 4090

Corporate Broking: Jerry Keen

 

Canaccord Genuity (Joint Broker) 

Adam James / Henry Fitzgerald O'Connor / Thomas Diehl                         Tel: +44 (0) 207 523 8000

 

Camarco (Financial PR)

Nick Hennis / Billy Clegg                                           Tel: +44 (0) 203 781 8330  

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