While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. All statements that address operating performance or events or developments Torchlight Energy Resources expects or anticipates will occur in the future, such as stated objectives or goals, our refinement of strategy, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. All statements in this release that are not based on historical fact are "forward looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "strategy," "goal," or "planned," "seeks," "may," "might", "will," "expects," "intends," "believes," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. For additional information on Torchlight, please visit Forward-Looking Statement ![]() ![]() 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. "Management and our board of directors appreciate his continued support." McCabe has demonstrated his confidence in Torchlight and its oil and gas assets," stated John Brda, CEO of Torchlight. McCabe converted the entire principal amount of the $100,000 promissory note issued by Torchlight in December 2020 into common stock at its conversion price of $1.00 per share, totaling 100,000 shares. ![]() (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), today announced that the McCabe Petroleum Corporation, owned by Torchlight's chairman Greg McCabe, converted the entire principal amount of its $1.5 million secured convertible promissory note issued by Torchlight in September of 2020 into common stock at its conversion price of $0.375 per share, totaling 4,000,000 shares. PLANO, TX / ACCESSWIRE / Febru/ Torchlight Energy Resources, Inc.
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