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Touchstone Exploration Inc. Announces AIM Rule 17 Schedule 2(g) Update
CALGARY, AB / ACCESSWIRE / March 23, 2023 / Touchstone Exploration Inc. ("Touchstone") (TSX:TXP)...
About this update from Touchstone Exploration Inc
[{"type":"text","content":"Touchstone Exploration Inc. Announces AIM Rule 17 Schedule 2(g) UpdateCALGARY, AB / ACCESSWIRE / March 23, 2023 / Touchstone Exploration Inc. (\"Touchstone\") (TSX:TXP)(LSE:TXP) provides the following information under Rule 17 and Schedule Two Paragraph (g) of the AIM Rules for Companies.On November 30, 2017, Mr. John D. Wright, Chairman of Touchstone, became a director of OAN Resources Ltd. (\"OAN\"), a private company registered in Canada. On June 14, 2019, the management of OAN filed a Notice of Intention (\"NOI\") to Make a Proposal under subsection 50.4(1) of the Bankruptcy and Insolvency Act to restructure OAN's affairs. At the time of the NOI, OAN was estimated to have a creditor deficiency of approximately C$5.1 million. Mr. Wright resigned his director position on October 10, 2019. OAN was unable to file a proposal within the provided period and was deemed to have made an assignment into bankruptcy on October 16, 2019. OAN's assets were subsequently sold by the trustee of the bankrupt estate.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 OfficerMr. Scott Budau, Chief Financial OfficerTel: +1 (403) 750-4487Shore Capital (Nominated Advisor and Joint Broker)Daniel Bush / Toby Gibbs / Iain SextonTel: +44 (0) 207 408 4090Canaccord Genuity (Joint Broker) Adam James / Gordon HamiltonTel: +44 (0) 207 523 8000FTI Consulting (Financial PR)Nick Hennis / Ben BrewertonTel: +44 (0) 203 727 1000Email: [email protected] 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\".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...