Source: Marketwired

Press Release: Touchstone : Touchstone Announces Termination of Trinidad Asset Acquisition Agreement

CALGARY, ALBERTA--(Marketwired - March 14, 2016) - Touchstone Exploration Inc. ("Touchstone" or the "Company") (TSX:TXP) announces that the previously announced agreement to purchase certain Trinidad onshore producing assets for US$20.8 million (the "Agreement") has been terminated pursuant to the terms of the Agreement, as the seller was unable to satisfy the required conditions precedent prior to the March 13, 2016 backstop date.

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Employees

Paul R. Baay's photo - President & CEO of Touchstoneexploration

President & CEO

Paul R. Baay

CEO Approval Rating

70/100

Touchstone Exploration engages in the acquisition, exploration, development, and production of prospective petroleum and... Read more