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Appointment of Non-Executive Director
Appointment of Non-Executive Director
CALGARY, AB / ACCESS Newswire / January 8, 2026 / Touchstone Exploration Inc. ("Touchstone", "we", "our" or the "Company") (TSX:TXP)(LSE:TXP) announces the appointment of Mr. Bhupendra Kansagra to the Company's Board of Directors (the "Board") as a Non-Executive Director, effective immediately.
The appointment follows the Company's completion of the private placement with Purebond Limited ("Purebond") previously announced on October 24, 2025. Pursuant to an investor rights agreement, Purebond has exercised its right to nominate a director to the Board. Mr. Kansagra, a director of Purebond, is a UK-based executive with extensive experience in the resource sector and international capital markets.
The Company has been informed that, as of October 30, 2025, Purebond holds 50,000,000 shares in the Company, representing 15.4% of voting rights. Purebond Limited is a UK registered entity controlled and managed by, and for the benefit of, the Kansagra family pursuant to a discretionary trust. Mr. Bhupendra Kansagra therefore has a partial indirect economic interest in Purebond.
Kenneth McKinnon, Chair of the Board, commented:
"We are very pleased to welcome Bhupendra to the Board. As we continue to execute our growth strategy in Trinidad, his deep knowledge of capital markets and the energy sector will be invaluable. We look forward to his strategic insights and the perspective he brings as a representative of our new significant shareholder, Purebond."
Bhupendra Kansagra, Director, commented:
"I am honoured to join Touchstone's Board at this pivotal stage in the Company's development. Touchstone has built an impressive asset base with significant potential, and I look forward to working with the team to support the Company's continued success and the delivery of long-term value for all shareholders."
Further Information on the Appointment
The following details in relation to the appointment of Bhupendra Kansagra is disclosed in accordance with AIM Rule 17 and Schedule 2(g) of the AIM Rules:
Bhupendra (Bhulo) Shantilal Kansagra (aged 69) has held the following directorships and/or partnerships in the past five years.
Current Directorships/Partnerships | Past Directorships/Partnerships (last five years) |
|---|---|
UML ALBERT PARK LIMITED | UML HOLDCO LIMITED |
UML SEPANG LIMITED | FESTATES LIMITED |
UML MARINA BAY LIMITED | OCEAN GIANT SECURITY SERVICES (UK) LIMITED |
UML BAKU LIMITED | WELLINGTON MARITIME LIMITED |
UML HUDSON LIMITED | UMLNB 20 LIMITED |
UML GOODWOOD LIMITED | UMLNB 19 LIMITED |
UMLNB 38 LIMITED | UMLNB 7 LIMITED |
UMLNB 39 LIMITED | TOP MARINE PAINTS LIMITED |
UML GOODWILL LIMITED | MARULA VENTURES LIMITED |
UML INTERLAGOS LIMITED | FULTON ST JAMES LIMITED |
UML WITHAM LIMITED | FULTON GRAND LIMITED |
UML MERCURY LIMITED | UNION DATA SERVICES LIMITED |
UML GREEN EAGLE LIMITED | PORT MOODY LIMITED |
UML HOLMES LIMITED | PORT UNION LIMITED |
UMLNB 37 LIMITED | PORT STANLEY LIMITED |
UML ALKEBULAN LIMITED | UML WINCHESTER LIMITED |
EAGLE MARITIME LIMITED | FULTON HYDE LIMITED |
UMLNB 35 LIMITED | FULTON LINCOLN LIMITED |
UMLNB 36 LIMITED | FULTON REGENT LIMITED |
HEALTHILY LTD | UCL HARROW LIMITED |
UMLNB 33 LIMITED | UML PORTMAN LIMITED |
UMLNB 34 LIMITED | UML HINDE LIMITED |
UMLNB 31 LIMITED | TOP FENDERS 4 LIMITED |
SEALABS LIMITED | CONONISH MINING LIMITED |
UML EVO LIMITED | FOCUS TANKERS LIMITED |
VENOIL LIMITED | UMLNB 2 LIMITED |
UML AVON LIMITED | PORT SAID LIMITED |
UML CLYDE LIMITED | UML KNOX LIMITED |
UML BRANDS HATCH LIMITED | UMLNB 4 LIMITED |
UML BURAN LIMITED | UMLNB 3 LIMITED |
UML ZONDA LIMITED | UMLNB 1 LIMITED |
UML TRADING LIMITED | UML WEMBLEY LIMITED |
OAKFIELD COURT (WELWYN) MANAGEMENT COMPANY LIMITED | UML DORSET LIMITED |
UML MONZA LIMITED | UML CHILTERN LIMITED |
UML SPA LIMITED | UML MARLIN LIMITED |
UML BALHAM LIMITED | UML EAGLE LIMITED |
UMLNB 14 LIMITED | OSPIRIT LIMITED |
UMLNB 15 LIMITED | OFORCE LIMITED |
UMLNB 13 LIMITED | TOP FENDERS 1 LIMITED |
UMLNB 16 LIMITED | HUXLEY GLOBAL LIMITED |
UML DART LIMITED | 11 HOSPITALITY (LUTON) LIMITED |
UML OSTRO LIMITED | PESTATES LIMITED |
UML NOTUS LIMITED | KESTATES LET LIMITED |
UMLNB 12 LIMITED | XESTATES LIMITED |
UML CHINOOK LIMITED | GESTATES LIMITED |
UML SEVERN LIMITED | PROXIMITY HOMES LIMITED |
UML BEDFORD LIMITED | NESTATES LET LIMITED |
UML TWEED LIMITED | HEATHFIELD HOUSE CAMBRIDGE LIMITED |
UML MERSEY LIMITED | BAGSHOT SHIPPING LIMITED |
UML SHERLOCK LIMITED | UML WATSON LIMITED |
UNION MARITIME SERVICES LIMITED | PINARELLO SHIPPING LIMITED |
MATEL LIMITED | VISTEC ESTATES LIMITED |
UML BERNERS LIMITED | ARCT OCEAN LIMITED |
UML BONDI LIMITED | IND OCEAN LIMITED |
33 HOSPITALITY LIMITED | ANTA OCEAN LIMITED |
FULMAR HOLDCO LIMITED | PACIF OCEAN LIMITED |
ANAVATOS HOLDCO LIMITED | ATL OCEAN LIMITED |
ATLANTAS BULK SHIP MANAGEMENT LTD | ULTRA MOUNT ATHOS LIMITED |
UML PICTON LIMITED | PETIT CHAM LIMITED |
UML WESTMORE LIMITED | FLEET TRADER LIMITED |
UML ABBEY LIMITED | KALIXENOS LIMITED |
UML BRUNSWICK LIMITED | KAMSAR MONT FORT LIMITED |
UML GLIFA LIMITED | CAPE SANDRA LIMITED |
GLIFA HOLDCO LIMITED | |
UMLNB 6 LIMITED | |
UMLNB 5 LIMITED | |
UMLNB HOLDINGS LIMITED | |
GORDON SHIPPING LIMITED | |
UML CARLTON LIMITED | |
UML WELLINGTON LIMITED | |
UNION MARINE SERVICES LIMITED | |
UML AMPLEFORTH LIMITED | |
UML BRYANSTON LIMITED | |
BDP SPIRIT LIMITED | |
UCL SPRINGFIELD LIMITED | |
UCL ASTON LIMITED | |
ICEPORT TWO LIMITED | |
UML WEYMOUTH LIMITED | |
11 HOSPITALITY LIMITED | |
NELSON HOUSE CAMBRIDGE LIMITED | |
UNION MARITIME HOLDINGS LIMITED | |
73WHR LIMITED | |
TEMPSFORD ESTATES LIMITED | |
SOLAI HOUSE LIMITED | |
BISH 1 LIMITED | |
BISH 2 LIMITED | |
TPT SHIPBROKERS INT. LIMITED | |
TUNE CHEMICAL TANKERS (UK) LIMITED | |
UML VICTORIA LIMITED | |
HUDSON ALMERE LIMITED | |
HUDSON CHEMICAL TANKERS LIMITED | |
HUDSON KENSINGTON LIMITED | |
HUDSON ARNHEM LIMITED | |
HUDSON LISSE LIMITED | |
HUDSON RICHMOND LIMITED | |
HUDSON BRENT LIMITED | |
HUDSON CAMDEN LIMITED | |
HCT PORTLAND LIMITED | |
ATLANTAS TECHNICAL SERVICES LIMITED | |
ATLANTAS SHIP GROUP LIMITED | |
UML BAKERLOO LIMITED | |
UNION COMMERCIAL SERVICES LIMITED | |
ICEPORT ONE LIMITED | |
UNION CARRIERS LIMITED | |
UML MAYFAIR LIMITED | |
UML WESTMINSTER LIMITED | |
UESTATES LIMITED | |
DUNE RESOURCES LET LIMITED | |
CESTATES LET LIMITED | |
WAITE DAVIES LET LIMITED | |
UML WIMPOLE LIMITED | |
UML BLANDFORD LIMITED | |
UML MOXON LIMITED | |
UML WIGMORE LIMITED | |
ATLANTAS SHIP MANAGEMENT LIMITED | |
TMS OFFSHORE LIMITED | |
CESTATES LIMITED | |
WAITE DAVIES LIMITED | |
CLION LIMITED | |
P ENERGY LIMITED | |
B EMERALD LIMITED | |
B CRYSTAL LIMITED | |
OSTRIDER LIMITED | |
DUNE RESOURCES LIMITED | |
OBLUE LIMITED | |
UNION BUNKERING LIMITED | |
SOLAI USA LIMITED | |
ICEPORT LIMITED | |
KERIO LIMITED | |
UNION GLORY LIMITED | |
UNION INVESTCORP LIMITED | |
TOP FENDERS LIMITED | |
UNION MARITIME LIMITED | |
PUREBOND LIMITED | |
BISHOPSWOOD ESTATES LIMITED | |
SOLAI SERVICES LIMITED | |
SOLAI HOLDINGS LIMITED | |
AGRI-CHEMICALS LIMITED | |
MYDIRECTIVES, INC. | |
UMLNB 32 LIMITED | |
BC BROKERS LIMITED | |
UMLNB 30 LIMITED | |
UMLNB 29 LIMITED | |
UML MORIARTY LIMITED | |
UML SILVERSTONE LIMITED | |
UML EBISU LIMITED | |
UML SUSANOO LIMITED | |
UMLNB 23 LIMITED | |
UMLNB 24 LIMITED | |
UML EDEN LIMITED | |
LAND REGENERATION LTD | |
UML BROMLEY LTD | |
ANAVATOS LIMITED | |
UML CHAPEL LIMITED | |
11 HOSPITALITY (BIRMINGHAM) LIMITED | |
MARYLEBONE HOLDCO LIMITED | |
KESTATES LIMITED | |
ONE ALDWYCH LIMITED | |
ATLANTAS TECHNICAL SERVICES INDIA PRIVATE LIMITED | |
ATLANTAS CREW MANAGEMENT PRIVATE LIMITED |
Bhupendra Kansagra was a director of Nandan Cleantech PLC ("Nandan") when administrators were appointed on 30 December 2014. Nandan was subsequently dissolved following liquidation on 21 March 2016 with no shortfall to creditors.
Bhupendra Kansagra was a director of Chessum Plants Ltd ("Chessum") within 12 months of administrators being appointed on 25 April 2018. Chessum was subsequently dissolved following liquidation on 16 December 2023 with no shortfall to secured creditors but a shortfall to unsecured creditors.
There is no further information to be disclosed in relation to Bhupendra Kansagra' appointment pursuant to AIM Rule 17 or Schedule Two, paragraph (g) (i)-(viii) of the AIM Rules for Companies.
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 R. Baay, President and Chief Executive Officer | Tel: +1 (403) 750-4487 |
Scott Budau, Chief Financial Officer | |
Brian Hollingshead, EVP Engineering and BD | |
Canaccord Genuity Limited (Nominated Advisor and Joint Broker) | |
Adam James / Charlie Hammond | Tel: +44 (0) 207 523 8000 |
Cavendish Capital Markets Limited (Joint Broker) | |
Neil McDonald / Derrick Lee / Graham Hall | Tel: +44 (0) 131 220 6939 |
FTI Consulting (Financial PR) | |
Nick Hennis / Ben Brewerton | Tel: +44 (0) 203 727 1000 |
SOURCE: Touchstone Exploration, Inc.
View the original press release on ACCESS Newswire
G.Boudreau--SMC
