Touchstone Exploration Inc. (TSX VENTURE:TAB) and Primera Energy Resources Ltd. (TSX VENTURE:PTT) have entered into an arrangement agreement, which provides that Touchstone will acquire all of the common shares of Primera not otherwise owned, directly or indirectly, by Touchstone, by way of a plan of arrangement under the Business Corporations Act.

Touchstone will acquire the outstanding Primera shares in exchange for Touchstone common shares, on the basis of 0.90 of a Touchstone share per Primera share. Based on the current number of outstanding Primera shares and options, Touchstone anticipates issuing ...