Touchstone Exploration Inc. EMPLOYEE SHARE PURCHASE PLAN & DIRECTOR PURCHASES (7343V)

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RNS Number : 7343V

Touchstone Exploration Inc.

05 December 2019

EMPLOYEE SHARE PURCHASE PLAN AND DIRECTOR / PDMR PURCHASES

Calgary, Alberta - December 5, 2019 - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX / LSE: TXP) announces the following purchases under its Employee Share Purchase Plan.

 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Paul R. Baay 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             President and Chief Executive Officer 
     --------------------------  ----------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                        Touchstone Exploration Inc. 
     --------------------------  ----------------------------------------- 
 b)   LEI                         2138008URBSUC1J24J73 
     --------------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the          Common shares of Touchstone Exploration 
       financial instrument,       Inc. 
       type of instrument 
 
       Identification code         CA89156L1085 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Purchase of common shares by the Trustee 
                                   of the Employee Share Purchase Plan 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     $0.25      15,500 
                                               ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
                                    N/A (single transaction) 
       - Aggregated volume 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     04/12/2019 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Toronto Stock Exchange 
     --------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        Scott Budau 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             Chief Financial Officer 
     --------------------------  ----------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                        Touchstone Exploration Inc. 
     --------------------------  ----------------------------------------- 
 b)   LEI                         2138008URBSUC1J24J73 
     --------------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the          Common shares of Touchstone Exploration 
       financial instrument,       Inc. 
       type of instrument 
 
       Identification code         CA89156L1085 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Purchase of common shares by the Trustee 
                                   of the Employee Share Purchase Plan 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     $0.25      8,000 
                                               ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
                                    N/A (single transaction) 
       - Aggregated volume 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     04/12/2019 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Toronto Stock Exchange 
     --------------------------  ----------------------------------------- 
 
 
 1    Details of the person discharging managerial responsibilities 
       / person closely associated 
 a)   Name                        James Shipka 
     --------------------------  ----------------------------------------- 
 2    Reason for the notification 
     --------------------------------------------------------------------- 
 a)   Position/status             Chief Operating Officer 
     --------------------------  ----------------------------------------- 
 b)   Initial notification        Initial notification 
       /Amendment 
     --------------------------  ----------------------------------------- 
 3    Details of the issuer, emission allowance market participant, 
       auction platform, auctioneer or auction monitor 
     --------------------------------------------------------------------- 
 a)   Name                        Touchstone Exploration Inc. 
     --------------------------  ----------------------------------------- 
 b)   LEI                         2138008URBSUC1J24J73 
     --------------------------  ----------------------------------------- 
 4    Details of the transaction(s): section to be repeated for 
       (i) each type of instrument; (ii) each type of transaction; 
       (iii) each date; and (iv) each place where transactions have 
       been conducted 
     --------------------------------------------------------------------- 
 a)   Description of the          Common shares of Touchstone Exploration 
       financial instrument,       Inc. 
       type of instrument 
 
       Identification code         CA89156L1085 
     --------------------------  ----------------------------------------- 
 b)   Nature of the transaction   Purchase of common shares by the Trustee 
                                   of the Employee Share Purchase Plan 
     --------------------------  ----------------------------------------- 
 c)   Price(s) and volume(s)        Price(s)   Volume(s) 
                                     $0.25      12,000 
                                               ---------- 
     --------------------------  ----------------------------------------- 
 d)   Aggregated information 
                                    N/A (single transaction) 
       - Aggregated volume 
 
       - Price 
     --------------------------  ----------------------------------------- 
 e)   Date of the transaction     04/12/2019 
     --------------------------  ----------------------------------------- 
 f)   Place of the transaction    Toronto Stock Exchange 
     --------------------------  ----------------------------------------- 
 

For further information, please contact:

Touchstone Exploration Inc.

Mr. Paul Baay, President and Chief Executive Officer Tel: [phone]

Mr. Scott Budau, Chief Financial Officer

www.touchstoneexploration.com

Shore Capital (Nominated Advisor and Joint Broker)

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

Corporate Broking: Jerry Keen

GMP FirstEnergy (Joint Broker)

Jonathan Wright / Hugh Sanderson Tel: [phone]

Camarco (Financial PR)

Nick Hennis / Jane Glover Tel: [phone]

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".

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 [e-mail] or visit www.rns.com.

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December 05, 2019 02:01 ET (07:01 GMT)