Torchlight Energy announces the closing of $3.7 million preferred stock
Proceeds will be used to accelerate continued development of Torchlight Energy assets, additional liquidity for operations. PLANO, TX– Torchlight Energy Resources, Inc. (NASDAQ: TRCH) today announced the closing of a private placement for $3.7 million of newly issued convertible preferred stock. Torchlight Energy issued $3.7 million in liquidation preference (face amount) of Series B Convertible Preferred Stock in […]
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