Source: Torchlight Energy Resources Inc – Press Release/Statement:
Headline: Torchlight Energy Resources, Inc. Announces Pricing of Public Offering of Common Stock
PLANO, TX / ACCESSWIRE / May 18, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH) (the “Company”), an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the pricing of an underwritten public offering of 3,000,000 shares of common stock at an offering price of $0.34 per share for aggregate gross proceeds of $1,020,000, prior to deducting underwriting discounts, commissions and other offering expenses. The Company has granted the underwriters a 45-day option to purchase up to an additional 450,000 shares of common stock to cover over-allotments, if any. The offering is expected to close on May 20, 2020, subject to the satisfaction of customary closing conditions.