PLANO, TX / ACCESSWIRE / March 15, 2021 / Torchlight Strength Assets, Inc. (NASDAQ:TRCH), an oil and gas exploration business (“Torchlight”), announced today that it is continuing to do the job in direction of the completion of the regulatory demands important to consummate the beforehand announced business enterprise mix (the “Arrangement”) with Metamaterial Inc. (“Metamaterial”). Torchlight will file its 2020 once-a-year report on Form 10-K prior to filing the definitive proxy assertion for the specific assembly of Torchlight’s stockholders in link with the Arrangement. Torchlight expects to maintain the exclusive meeting inside of the subsequent 30 to 60 times, and expects the closing of the Arrangement to happen in the 2nd quarter of 2021. Torchlight’s definitive proxy statement will announce the conference date and report day for the special conference. The file date to establish the Torchlight stockholders that will receive a dividend of the beforehand declared Series A Favored Stock, which will entitle its holders to, amongst other factors, obtain cash dividends in connection with the sale of Torchlight’s oil and gasoline assets, will be established soon after the specific assembly is held. Metamaterial a short while ago declared that its stability holders have permitted the distinctive resolution relating to the Arrangement at Metamaterial’s yearly standard and special conference.
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About Torchlight Electrical power Methods, Inc.
Torchlight Energy Means, Inc. (TRCH), based in Plano, Texas, is a superior progress oil and gasoline Exploration and Manufacturing (E&P) organization with a primary aim of acquisition and enhancement of domestic oil fields. Torchlight has belongings focused in West and Central Texas exactly where their targets are established performs this sort of as the Permian Basin. For more info on Torchlight, make sure you pay a visit to www.torchlightenergy.com.
Ahead-Wanting Assertion
This push release consists of ahead-searching statements within just the which means of Segment 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended, which are meant to be protected by the “risk-free harbor” produced by those sections. All statements in this launch that are not dependent on historic simple fact are “ahead searching statements.” These statements could be recognized by words these kinds of as “estimates,” “anticipates,” “tasks,” “strategies,” “system,” “goal,” or “planned,” “seeks,” “may,” “may possibly”, “will,” “expects,” “intends,” “believes,” “must,” and related expressions, or the detrimental versions thereof, and which also might be recognized by their context. All statements that address running functionality or activities or developments Torchlight Electricity Methods expects or anticipates will take place in the upcoming, these as said aims or ambitions, our refinement of approach, our tries to secure extra financing, our checking out probable business enterprise solutions, or that are not usually historical facts, are forward-wanting statements. When administration has dependent any forward-looking statements integrated in this launch on its recent expectations, the info on which these anticipations were based could modify. Ahead-looking statements involve inherent risks and uncertainties which could lead to genuine effects to vary materially from these in the ahead-searching statements as a outcome of several things, including those people dangers and uncertainties described in or implied by the Hazard Aspects and in Management’s Dialogue and Assessment of Monetary Affliction and Benefits of Operations sections of our 2019 Yearly Report on Sort 10-K, filed on March 16, 2020 and our other reviews filed from time to time with the Securities and Exchange Commission (“SEC”). We urge you to take into account these threats and uncertainties in assessing our ahead-seeking statements. We warning readers not to put undue reliance on any these ahead-wanting statements, which converse only as of the day made. Besides as if not essential by the federal securities legal guidelines, we disclaim any obligation or enterprise to publicly release any updates or revisions to any forward-searching assertion contained herein (or elsewhere) to reflect any transform in our anticipations with regard thereto, or any alter in situations, circumstances, or situations on which any such statement is centered.
Further Information and In which to Discover It
Torchlight will put together a definitive proxy statement for Torchlight’s stockholders to be submitted with the SEC pertaining to the proposed “Arrangement”. The proxy assertion will be mailed to Torchlight’s stockholders. Torchlight urges investors, stockholders and other intrigued persons to read through, when offered, the proxy assertion, as nicely as other documents filed with the SEC, because these documents will consist of essential details about the Arrangement. These types of people can also read Torchlight’s Yearly Report on Kind 10-K for the fiscal calendar year ended December 31, 2019, for a description of the protection holdings of its officers and directors and their respective pursuits as security holders in the consummation of the transactions contemplated in connection with the Arrangement. Torchlight’s definitive proxy assertion will be mailed to stockholders of Torchlight as of a document day to be proven for voting on the Arrangement. Torchlight’s stockholders will also be able to obtain a copy of these documents, without demand, by directing a request to: John A. Brda, President of Torchlight Power Sources, Inc., 5700 W. Plano Parkway, Suite 3600, Plano, Texas 75093 e-mail: [email protected]. These files, as soon as accessible, can also be received, devoid of charge, at the SEC’s net website (http://www.sec.gov).
Contributors in Solicitation
Torchlight and its administrators, government officers and other users of their management and staff members, beneath SEC regulations, may be considered to be contributors in the solicitation of proxies of Torchlight stockholders in connection with the Arrangement. Investors and security holders may receive a lot more in-depth information and facts with regards to the names, affiliations and passions of Torchlight’s directors in its Yearly Report on Form 10-K for the fiscal calendar year finished December 31, 2019, which was filed with the SEC on March 16, 2020. Information about the individuals who may well, beneath SEC principles, be deemed individuals in the solicitation of proxies to Torchlight’s stockholders in connection with the Arrangement will be set forth in the proxy statement for the Arrangement when readily available. Information relating to the pursuits of Torchlight’s members in the solicitation, which could, in some situations, be unique than these of Torchlight’s fairness holders usually, will be set forth in the proxy assertion relating to the Arrangement when it gets out there.
Speak to
Derek Gradwell
Mobile phone: 512-270-6990
[email protected]
[email protected]
Supply: Torchlight Energy Methods, Inc.
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https://www.accesswire.com/635364/Torchlight-Presents-Update-on-Proposed-Enterprise-Combination-Timing
