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TRCH - Torchlight stock higher on becoming debt free
Torchlight Energy Resources Inc.
Torchlight Energy Resources (TRCH) +35% premarket, announced that its only remaining secured noteholder has converted all $1.5M of its remaining position into common stock at the conversion price of $1.50/share, for a total of 1M shares.With no term debt remaining on its books. the blanket liens on the Orogrande Project and the Hazel Project that were securing the debt will be released in full.Torchlight Energy Resources stock grew ~123% past one month.