EXPANSION OF CREDIT FACILITY TO US$30 MILLION CALGARY, AB, Dec. 22, 2021 /CNW/ - Touchstone Exploration Inc. ("Touchstone", "we", "our", "us" or the "Company") (TSX: TXP) (LSE: TXP) is pleased to announce that it has entered into an amended and restated loan agreement with its Trinidad based lender providing for a $10 million increase in the principal balance to $30 million (the "Amended Loan Agreement").
Touchstone currently has $15 million of the loan principal balance drawn and anticipates withdrawing the remaining $15 million available balance prior to the end of 2021. The Amended Loan Agreement provides enhanced financial flexibility at attractive after tax pricing.