REG - Touchstone Explrtn. - RESULTS OF 2023 SHAREHOLDERS' MEETING

Touchstone ExplorationAnnouncement

30/06/2023 07:00

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RNS Number : 4708E  Touchstone Exploration Inc.  30 June 2023

TOUCHSTONE ANNOUNCES RESULTS OF 2023 SHAREHOLDERS' MEETING

 

CALGARY, ALBERTA (June 30, 2023) - Touchstone Exploration Inc. ("Touchstone"
or the "Company") (TSX, LSE: TXP) is pleased to announce that all matters
presented for approval at the 2023 Annual and Special Meeting of Shareholders
(the "Meeting") held virtually on June 29, 2023 were fully authorized and
approved.

 

A total of 48,791,959 common shares of the Company were voted in connection
with the Meeting, representing 20.94% of the common shares eligible to vote at
the Meeting.

 

During the business proceedings of the Meeting, Touchstone's shareholders
approved the following:

 

1.   Ordinary resolution to fix the number of directors of the Company to be
elected at the Meeting at nine, with 97.37% of the common shares represented
at the Meeting voting in favour of the resolution.

 

2.   All of the nine nominees proposed as directors of Touchstone were
approved, 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 (%)
 Jenny Alfandary        40,860,135  95.62        1,871,989  4.38
 Paul R. Baay           41,474,940  97.06        1,257,184  2.94
 Dr. Priya Marajh       42,059,450  98.43        672,674    1.57
 Kenneth R. McKinnon    40,335,974  94.39        2,396,150  5.61
 Peter Nicol            42,215,083  98.79        517,041    1.21
 Beverley Smith         42,121,421  98.57        610,703    1.43
 Stanley T. Smith       39,720,324  92.95        3,011,800  7.05
 Dr. Harrie Vredenburg  41,538,028  97.21        1,194,096  2.79
 John D. Wright         41,042,418  96.05        1,689,706  3.95

 

3.   Ordinary resolution to appoint the firm of KPMG LLP, Chartered
Professional Accountants of Calgary, Alberta, 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 99.53% of the common shares represented
at the Meeting voting in favour of the resolution.

 

4.   Ordinary resolution approving the adoption of the omnibus incentive
compensation plan of the Company and approving common shares which may be
issuable pursuant to unallocated awards thereunder, with 94.18% 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 at www.sedar.com (http://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 (http://www.touchstoneexploration.com/) or
contact:

 

Touchstone Exploration Inc.

Paul Baay, President and Chief Executive
Officer                       Tel: +1 (403) 750-4487

Scott Budau, Chief Financial Officer

 

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 (mailto:touchstone@fticonsulting.com)

 

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