Torchlight Eliminates $1,100,953 in Debt
TORCHLIGHT ENERGY (TRCH)
US:NASDAQ Investor Relations:
ir.torchlightenergy.com
Company Research
Source: Accesswire
PLANO, TX / ACCESSWIRE / December 23, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), announced today that the holders of $1,100,953 of Torchlight's subordinated debt have agreed to convert such debt into the common stock of Torchlight, with $500,000 of the subordinated debt converting at $0.43 per share, and $600,953 of the subordinated debt converting at a renegotiated conversion price of $0.50 per share, as compared to the original conversion price of $0.75."The conversion of this portion of Torchlight's debt is a positive step for the Company," stated John Brda, Chief Executive Officer of Torchlight. "Not only is this progress toward the closing of Torchlight's proposed business combination with Metamaterial Inc., but we also believe it to be a good practice to clean outstanding debt off of our books."About Torchlight Energy Resources, Inc.Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oi
Show less
Read more
Impact Snapshot
Event Time:
TRCH
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRCH alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRCH alerts
High impacting TORCHLIGHT ENERGY news events
Weekly update
A roundup of the hottest topics