PE-backed Touchstone merges with Petrobank
Touchstone Exploration Inc (TSX Venture: TAB), a portfolio company of Canadian specialty investment firm Crown Capital Partners since 2012, has agreed to merge with Petrobank Energy and Resources Ltd (TSX: PBG). Under the terms of the agreement, all shares of Touchstone will be exchanged for shares of Petrobank based on an exchange ratio of 0.471 of a Petrobank share for each Touchstone share held. If approved by shareholders, the combined entity will carry on business as Touchstone Exploration. Based in Calgary, Touchstone is an oil and gas company focused on exploration and development projects in the Caribbean region.
11 March 2014•10 mins read
