Torchlight has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary objective of acquisition and development of domestic oil fields. as further described in the proxy statement filed by Torchlight on with the SEC.
The stockholder approvals obtained at the special meeting were required for the business combination transaction to be carried out pursuant to the Arrangement Agreement, dated December 14, 2020, as amended, pursuant to which Torchlight will, among other things, acquire all of the issued and outstanding common shares of Metamaterial, Inc. Torchlight will file a Form 8-K to disclose the final results of the stockholder vote. (NASDAQ:TRCH), an oil and gas exploration company ('Torchlight'), today announced the results from the special meeting of its stockholders, which was held virtually earlier today in connection with the previously announced business combination transaction with Metamaterial, Inc.Ī quorum was present at the special meeting and based on the preliminary results of the votes received in person and by proxy, all five proposals to be voted on at the special meeting were approved by the Torchlight stockholders. PLANO, TX / ACCESSWIRE / J/ Torchlight Energy Resources, Inc.
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