Touchstone Exploration Inc. has entered into an agreement to dispose of its Kerrobert, Saskatchewan facility, infrastructure and the associated PNG rights to Quattro Exploration and Production Ltd. for total consideration of $4,150,000.

The consideration includes $650,000 in cash and $3,500,000 in securities through the issuance of 35,000 non-voting Quattro Class 'C', Series 3 preferred shares. The preferred shares have a face value of $100 per share and pay an annual preferred dividend of $3.50 per share.

Tags: Touchstone Exploration Inc.