Last checked at 19 Apr 2018 07:00
EMPLOYEE SHARE PURCHASE PLAN
AND
DIRECTOR / PDMR PURCHASES
Calgary, Alberta - April 19, 2018 - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX / LSE: TXP) announces the reinstatement of its Employee Share Purchase Plan (the "Plan"). The Plan is designed to encourage employees to invest in common shares of the Company through employee savings and to allow the Company to provide common shares as an incentive to employees through the Company's contribution.
All employees are eligible to participate in the Plan and can contribute 3 to 5% of their earnings. Touchstone will match the employee's contribution in the range of 100% to 200% based on their historical participation in the Plan.
The first purchase of the reinstated Plan was April 16, 2018 and common shares were placed into employee's accounts on April 18, 2018. The common shares were purchased at a price of $0.25.
Director/ PDMR dealing
Mr. Paul R. Baay, President and Chief Executive Officer, purchased 2,750 common shares. In accordance with the Plan the Company purchased a further 5,500 common shares resulting in a total purchase of 8,250 common shares.
Mr. James Shipka, Chief Operating Officer, purchased 1,833 common shares. In accordance with the Plan the Company purchased a further 3,667 common shares resulting in a total purchase of 5,000 common shares
For further information, please contact:
Touchstone Exploration Inc.
Mr. Paul Baay, President and Chief Executive Officer Tel: +1 (403) 750-4487
Mr. Scott Budau, Chief Financial Officer
www.touchstoneexploration.com
Shore Capital (Nominated Advisor and Joint Broker)
Nominated Adviser: Edward Mansfield / Mark Percy Tel: +44 (0) 20 7408 4090
Corporate Broking: Jerry Keen
GMP FirstEnergy (Joint Broker)
Jonathan Wright / Hugh Sanderson Tel: +44 (0) 207448 0200
Camarco (Financial PR)
Nick Hennis / Jane Glover / Billy Clegg Tel: +44 (0) 203 757 4980
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".
1
| Details of the person discharging managerial responsibilities / person closely associated
| |||||
a)
| Name
| Paul R. Baay
| ||||
2
| Reason for the notification
| |||||
a)
| Position/status
| Chief Executive Officer | ||||
b)
| Initial notification /Amendment
| Initial notification | ||||
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 financial instrument, type of instrument
Identification code
| Common shares in Touchstone Exploration Inc.
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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction) | ||||
e)
| Date of the transaction
| 16/04/2018 | ||||
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 /Amendment
| Initial notification | ||||
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 financial instrument, type of instrument
Identification code
| Common shares in Touchstone Exploration Inc.
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)
|
| ||||
d)
| Aggregated information
- Aggregated volume
- Price
|
N/A (single transaction) | ||||
e)
| Date of the transaction
| 16/04/2018 | ||||
f)
| Place of the transaction
| Toronto Stock Exchange | ||||