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Touchstone Exploration Inc. held its annual shareholders' meeting virtually on June 19, 2025, where 58,581,410 common shares were voted, representing 24.77% of eligible shares. Shareholders approved fixing the number of directors at six, elected all director nominees, and appointed KPMG LLP as auditors, with voting percentages ranging from 74.58% to 93.19% in favor, depending on the resolution and nominee. Jenny Alfandary and Dr. Harrie Vredenburg retired from the Board of Directors effective June 19, 2025.
| Date | 20 Jun 2025 |
| Time | 07:00:06 |
| Category | AGMs and other meetings |
| ID | 6651N |
RESULTS OF 2025 SHAREHOLDERS' MEETING
CALGARY, ALBERTA (June 20, 2025) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX, LSE: TXP) announces that all matters presented for approval at the 2025 annual meeting of shareholders (the "Meeting") held virtually on June 19, 2025 were fully authorized and approved. A total of 58,581,410 common shares of the Company were voted in connection with the Meeting, representing 24.77% 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 six, with 91.41% of the common shares represented at the Meeting voting in favour of the resolution.
2. All of the nominees proposed as directors were duly elected as directors of Touchstone, 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 (%) |
|
|
Paul R. Baay |
40,869,590 |
77.87 |
11,611,864 |
22.13 |
|
Dr. Priya Marajh |
43,773,108 |
83.41 |
8,708,346 |
16.59 |
|
Kenneth R. McKinnon |
39,141,225 |
74.58 |
13,340,229 |
25.42 |
|
Peter Nicol |
42,644,753 |
81.26 |
9,836,701 |
18.74 |
|
Beverley Smith |
42,530,303 |
81.04 |
9,951,151 |
18.96 |
|
Stanley T. Smith |
39,891,619 |
76.01 |
12,589,835 |
23.99 |
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 93.19% of the common shares represented at the Meeting voting in favour of the resolution.
Ms. Jenny Alfandary and Dr. Harrie Vredenburg did not stand for re-election at the Meeting and retired effective June 19, 2025 from the Company's Board of Directors.
Full voting results on all matters considered at the Meeting are available under Touchstone's profile on SEDAR+ at www.sedarplus.ca.
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 or contact:
Touchstone Exploration Inc.
Paul Baay, President and Chief Executive Officer Tel: +1 (403) 750-4405
Scott Budau, Chief Financial Officer
Shore Capital (Nominated Advisor and Joint Broker)
Daniel Bush / Toby Gibbs / Tom Knibbs Tel: +44 (0) 207 408 4090
Canaccord Genuity (Joint Broker)
Adam James / Charlie Hammond Tel: +44 (0) 207 523 8000
FTI Consulting (Financial PR)
Nick Hennis / Ben Brewerton / Lucy Wigney Tel: +44 (0) 203 727 1000
Email: [email protected]