Touchstone Exploration Inc.

10:22 AM EST - Touchstone Exploration Inc. : Intends to complete a private placement directed towards United Kingdom institutional investors. The Company expects to raise gross proceeds of £3.8 million (approximately C$6.5 million) by way of a placing of 31,666,667 new common shares of no par value at a price of 12 pence (approximately C$0.205) per New Common Share. The Placement Price represents a 4% discount to 12.5 pence, which was the closing price of the Company's common shares on the AIM market of the London Stock Exchange on February 18. Touchstone Exploration Inc. shares T.TXP are trading up $2.92 at $68.45.