IN BRIEF: Touchstone Exploration CEO fined for securities rules breach

Touchstone Exploration Inc - Calgary, Canada-based oil and gas company focused on Trinidad & Tobago - Announces that its Chief Executive Officer Paul Baay has entered into a settlement agreement with the Alberta Securities Commission in relation to a breach of the Securities Act. Baay admits that he, on six occasions emailed draft Touchstone news releases to an employee of a regulated Canadian investment dealer firm, prior to the news being broadly distributed. Baay has paid the ASC CAD40,000, around GBP23,823, in settlement of the matter and will complete training in public company governance best practice.

Current stock price: 61.00 pence, up 1.7% in London on Wednesday

12-month change: down 30%

By Jeremy Cutler, Alliance News reporter

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