CALGARY, AB, June 9, 2021 /CNW/ - Touchstone Exploration
Inc. ("Touchstone" or the "Company") (TSX: TXP) (LSE:
TXP) announces that its shareholders approved all resolutions at
its 2021 Annual Meeting of Shareholders (the "Meeting") held
virtually on June 9, 2021.
During the business proceedings of the Meeting, Touchstone's
shareholders approved the following resolutions:
1. Resolution to fix the number of directors of the
Company to be elected at the Meeting at eight, with 99.87% of the
common shares represented at the Meeting voting in favour of the
resolution.
2. Shareholders approved the election of eight
nominees as directors of Touchstone to serve until the next annual
meeting of shareholders or until their successors are duly elected
or appointed, 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:
|
Name of Director
Nominee
|
Votes
For
|
Votes
Withheld
|
|
Number
|
Percent
(%)
|
Number
|
Percent
(%)
|
|
Paul R.
Baay
|
47,355,099
|
98.83
|
560,007
|
1.17
|
|
Kenneth R.
McKinnon
|
47,402,843
|
98.93
|
512,263
|
1.07
|
|
Peter
Nicol
|
42,988,517
|
89.72
|
4,926,589
|
10.28
|
|
Beverley
Smith
|
47,905,015
|
90.76
|
4,876,506
|
9.24
|
|
Stanley T.
Smith
|
42,603,618
|
88.91
|
5,311,488
|
11.09
|
|
Thomas E.
Valentine
|
40,795,984
|
85.14
|
7,119,122
|
14.86
|
|
Dr. Harrie
Vredenburg
|
42,847,141
|
89.42
|
5,067,965
|
10.58
|
|
John D.
Wright
|
47,830,719
|
99.82
|
84,387
|
0.18
|
3. Resolution to appoint the firm of Ernst & Young
LLP, Chartered Professional Accountants, to serve as auditors of
the Company for the ensuing year at such remuneration as may
be determined by the board of directors of Touchstone, with 99.88%
of the common shares represented at the Meeting voting in favour of
the resolution.
4. Ordinary resolution approving all unallocated
options under the Company's stock option plan, with 83.30% of the
common shares represented at the Meeting voting in favour of the
resolution.
5. Ordinary resolution confirming the continuation of
the Company's shareholder rights plan and approving the amendment
and restatement of Touchstone's shareholder rights plan agreement,
with 89.79% of the common shares represented at the Meeting voting
in favour of the resolution.
Full voting results on all matters considered at the Meeting are
available on Touchstone's profile on SEDAR, located
at www.sedar.com.
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".
SOURCE Touchstone Exploration Inc.