(TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Electronic copies of the final prospectus supplement and accompanying prospectus are also available on the SEC's website at. ThinkEquity, a division of Fordham Financial Management, Inc., acted as sole book-running manager for the offering.Ĭopies of the final prospectus supplement and accompanying prospectus related to the offering may be obtained from ThinkEquity, a division of Fordham Financial Management, Inc., 17 State Street, 22nd Floor, New York, New York 10004, by telephone at (877) 436-3673, by email at. The company intends to use the net proceeds from the offering for drilling obligations at its Hazel Project and Orogrande Project and for general corporate purposes. Total gross proceeds were approximately $1.17 million, before deducting underwriting discounts and other offering expenses payable by the company.
TORCHLIGHT ENERGY RESOURCES INC FULL
(NASDAQ:TRCH), 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 closing of its previously announced underwritten public offering of 3,450,000 shares of its common stock at a public offering price of $0.34 per share, which included the full exercise by the underwriter of the over-allotment option of 450,000 shares. PLANO, TX / ACCESSWIRE / / Torchlight Energy Resources, Inc.
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