Quattro Exploration and Production Ltd. (TSXV:QXP) agreed to acquire Kerrobert, Saskatchewan Facility from Touchstone Exploration Inc. (TSX:TXP) for CAD 4.15 million on January 20, 2016. The consideration is to be paid through the issuance of 0.035 million non-voting, Class C, series 3 preferred shares and CAD 0.65 million in restricted cash, held on deposit, anticipated to be remitted to the vendor before January 31, 2016. The cash consideration consists of CAD million to be paid upon signing of the Purchase and Sale Agreement with the balance payable no later than Feb.

15, 2016. The transaction is subject to a number of customary conditions including, but not limited to, completion of due diligence and approval of the TSX Venture Exchange. The transaction is expected to close on or before February 15, 2016.