TIDMTXP TIDMTXPR

RNS Number : 8461J

Touchstone Exploration Inc.

03 July 2017

3 July 2017

Touchstone Exploration Inc.

("Touchstone" or the "Company")

Grant of share options

Touchstone Exploration Inc. (LSE: TXP), an oil and gas exploration and production company active in the Republic of Trinidad and Tobago, announces the granting of share options to Non-executive Directors in line with the Company's stock option plan as detailed on page 32 of the AIM Admission Document dated 25(th) May 2017. 447,500 common shares have been set aside and reserved for issuance once excercised. The options can be excised at a price of $0.15 based on the five-day weighted average trading price on the Toronto Stock Exchange (the "TSX"), ending at the close of the trading day on June 27, 2017. Details with respect to the share option grant are as follows:

 
 Name                 Share Options   Vesting           Expiry 
                       Awarded                           (years) 
-------------------  --------------  ----------------  --------- 
                                      33.3% June 
                                       27, 2018 33.3% 
                                       June 27, 2019 
                                       33.4% June 
 John Wright          102,500          27, 2020         5 
-------------------  --------------  ----------------  --------- 
                                      33.3% June 
                                       27, 2018 33.3% 
                                       June 27, 2019 
                                       33.4% June 
 Ken McKinnon         95,000           27, 2020         5 
-------------------  --------------  ----------------  --------- 
                                      33.3% June 
                                       27, 2018 33.3% 
                                       June 27, 2019 
                                       33.4% June 
 Peter Nicol          95,000           27, 2020         5 
-------------------  --------------  ----------------  --------- 
                                      33.3% June 
                                       27, 2018 33.3% 
                                       June 27, 2019 
                                       33.4% June 
 Harrie Vredenburg    80,000           27, 2020         5 
-------------------  --------------  ----------------  --------- 
                                      33.3% June 
                                       27, 2018 33.3% 
                                       June 27, 2019 
                                       33.4% June 
 Tom Valentine        75,000           27, 2020         5 
-------------------  --------------  ----------------  --------- 
 Total stock 
  options granted     447,500 
-------------------  -------------------------------------------

Ends

For further information, please contact:

 
 Touchstone Exploration Inc. 
 Mr. Paul Baay, President and          Tel: +1 (403) 750-4487 
  Chief Executive Officer 
 Mr. Scott Budau, Chief Financial 
  Officer 
 
 Shore Capital (Nominated Advisor 
  and Joint Broker) 
 Nominated Adviser: Edward Mansfield   Tel: +44 (0) 20 
  / Mark Percy / James Wolfe            7408 4090 
 Corporate Broking: Jerry Keen 
 
 GMP FirstEnergy (Joint Broker) 
 Jonathan Wright / Hugh Sanderson      Tel: +44 (0) 207 
                                        448 0200 
 
 Camarco (Financial PR) 
 Nick Hennis / Jane Glover / Billy     Tel: +44 (0) 203 
  Clegg                                 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".

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUURURBVABRUR

(END) Dow Jones Newswires

July 03, 2017 02:00 ET (06:00 GMT)

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