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Touchstone Exploration discovers oil and gas deposit onshore Trinidad-oilandgas360

Touchstone Enters into Escrow Arrangements for US$20 Million Term Loan

CALGARY, May 27, 2020 /CNW/ – Touchstone Exploration Inc. (“Touchstone”, “we”, “our”, “us”or the “Company”) (TSX, LSE: TXP) announces that its indirect wholly-owned subsidiary, Touchstone Exploration (Trinidad) Ltd., has entered into escrow arrangements for a US$20 million, seven-year term loan agreement (the “Term Loan”) with Republic Bank Limited, as initial lender, arranger and administrative agent.