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JJR Wood Holdings Inc., controlled by Jeffrey Wood, has made a significant investment in Touchstone Exploration Inc. (PBEGF) through a non-brokered private placement on August 13, 2025. The investment includes a US$12.5 million secured convertible debenture and 6.25 million common share purchase warrants.
Prior to the transaction, Wood owned 644,860 common shares (0.25% ownership). Upon full conversion of the debenture and exercise of warrants, Wood's potential ownership could increase to 64,200,136 shares, representing approximately 19.78% of outstanding shares. Wood maintains a long-term investment perspective and may adjust his position based on market conditions.
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