June 27 (Reuters) - Touchstone Exploration Inc TXP.TO :
* TOUCHSTONE EXPLORATION - £3.8 MILLION PRIVATE PLACEMENT THROUGH ISSUANCE OF 31.7 MILLION NEW COMMON SHARES OF NO PAR VALUE
* TOUCHSTONE EXPLORATION - IS USING NET PROCEEDS OF PRIVATE PLACEMENT TO FUND FIRST EXPLORATION WELL ON ITS ORTOIRE PROPERTY.