JJR Wood Holdings Inc. Acquires Secured Convertible Debenture and Warrants of Touchstone Exploration Inc

Core Points - JJR Wood Holdings Inc. acquired a US$12,500,000 principal amount secured convertible debenture and 6,250,000 common share purchase warrants in Touchstone Exploration Inc. as part of a non-brokered private placement [1] - Prior to the transaction, Mr. Wood owned approximately 0.25% of the issued and outstanding common shares of Touchstone Exploration Inc. [2] - After the transaction, Mr. Wood's ownership will increase to approximately 19.78% of the issued and outstanding common shares upon full conversion of the debenture and exercise of the warrants [2] Company Ownership - Mr. Wood beneficially owns and controls an aggregate of 644,860 common shares, 6,250,000 warrants, and the debenture post-transaction [2] - The total potential ownership after conversion and exercise will be 64,200,136 common shares [2] Investment Strategy - Mr. Wood has a long-term investment view and may acquire additional securities or sell existing shares depending on market conditions and other relevant factors [3]