What happened Shares of Torchlight Energy Resources ( TRCH) soared 58 on Monday.
The most recent StockTwits point out the company as an outstanding performing stock that continues to draw the attention of investors.Īnalysts have linked the companies stellar performance to the continued mention in the StockTwits. The exploration and production company will pay a special dividend to its investors ahead of its upcoming merger. The company’s stock quite vibrant lately.Įmploying the best business strategies works, and that might explain the companies continued growth. The company takes great pride in a wide array of assets inCentral and WestTexas. The company continues aspiring to acquire and develop domestic oil fields as part of its business plan into the future. Torchlight Energy Resources, Inc has archived a lot as an oil and gas Exploration and Production (E&P) company. However, the company hopes that matters play according to plan, making it possible for the deal to be concluded around June 30, 2021. trch, an oil and gas exploration company ('torchlight'), today announced that it has declared a special dividend of series.
#TORCHLIGHT ENERGY DIVIDEND SERIES#
Torchlight Energy Resources Inc points to June 25 as the Series A Preferred Stock dividends’ payment date. plano, tx / accesswire / j/ torchlight energy resources, inc. The higher 81.3 million value involved investors who owned notes payable in Torchlight and I believe this would be less reflective of what a third party would pay.
Reports indicate that the declaration might transpire on June 14, 2021. The other thing will be the 25th payment date involving the Series A Preferred Stock dividend. For instance, the added time will facilitate the Jrecord date. The extension happens to be a necessary move according to the two parties involved in the deal. However, most of them seem to agree on June 30, 2021. The joint move to extend the outside date marks an excellent start for the two as they seek to strike a progressive and longstanding working relationship.Īnalysts continue making their projections about the particular date on which the deal is sealed. Torchlight and Metamaterial Inc have both agreed upon adding more time to cater to the remaining undertakings before the effective close of their business combination transaction. This company has also unveiled the payment data for the preferred stock dividend. It is pleased to provide details about a proposed business combination. Torchlight Energy Resources Inc (NASDAQ: TRCH) happens to be one of the big names in oil and gas exploration business undertakings.
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