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TRCH - Torchlight Energy Resources 20M share secondary priced at $1.20
Torchlight Energy Resources Inc.
Torchlight Energy Resources ([[TRCH]] -11.2%) trades lower on pricing of an underwritten public offering of 20M shares of its common stock, priced at $1.20/share.Underwriters' over-allotment is an additional 3M sharesGross proceeds will be $24M and intends to use the net proceeds for general business purposes and to provide $5M of additional bridge financing to Metamaterial Inc.Closing date on February 10, 2021.