Torchlight Provides Update on Proposed Business Combination Timing

Source: www.gulfoilandgas.com 6/21/2021, Location: North America

Torchlight Energy Resources, Inc., an oil and gas exploration company ('Torchlight'), today announced that Torchlight and Metamaterial Inc. ('Metamaterial') have agreed to extend the outside date by which Torchlight and Metamaterial must close their business combination transaction (the "Arrangement") to June 30, 2021. The extension provides time for the June 24, 2021 record date and the June 25th payment date of the special Series A Preferred Stock dividend, declared on June 14, 2021, to transpire.

The payment date for the Series A Preferred Stock dividend will be June 25th. The Company expects to close the Arrangement no later than June 30th, 2021.


Gabon >>  8/9/2022 - BW Energy is pleased to announce the signing of an up to USD 300 million international Reserve Based Lending (RBL) facility. The funds will initially ...
United Kingdom >>  8/9/2022 - AIM-listed Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has announced a further update on the red...

Canada >>  8/8/2022 - International Petroleum Corporation (IPC or the Corporation) (TSX, IPCO) is pleased to announce that IPC repurchased a total of 144,000 IPC common sha...
Norway >>  8/8/2022 - The below information is released to provide Magseis Fairfield shareholders updated financial information in connection with the announced voluntary e...

United States >>  8/8/2022 - Invinity Energy Systems plc (IES), a leading global manufacturer of utility-grade energy storage , is pleased to announce the commencement of U.S. tra...
United States >>  8/8/2022 - Diversified Energy Company PLC (LSE: DEC) is pleased to announce its Interim Results for the six months ended 30 June 2022 and other recent highligh...




Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.