Torchlight Eliminates $1,043,573 in Subordinated Debt
TORCHLIGHT ENERGY (TRCH)
US:NASDAQ Investor Relations:
ir.torchlightenergy.com
Company Research
Source: Accesswire
PLANO, TX / ACCESSWIRE / January 13, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), announced today that the holders of $1,043,573 of Torchlight's subordinated debt have agreed to convert such debt into the common stock of Torchlight at a price of $1.10 per share as set out under the convertible notes issued by Torchlight to the holders.About Torchlight Energy Resources, Inc.Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. For additional information on Torchlight, please visit www.torchlightenergy.com.Forward-Looking StatementThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 19
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