Metamaterial and Torchlight Provide Webcast Presentation of Business Combination albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
Torchlight Energy Resources, Inc.: Metamaterial and Torchlight Provide Webcast Presentation of Business Combination
PLANO, TX and HALIFAX, NS / ACCESSWIRE / December 15, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ( Torchlight ) and Metamaterial Inc. ( Metamaterial or META ) (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today that they have released a webcast presentation providing an overview of META and introducing George Palikaras, Chief Executive Officer of META.
The webcast presentation can be found by clicking the following link: http://public.viavid.com/index.php?id=142744
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About Metamaterial Inc. (META)
META is changing the way we use, interact with, and benefit from light and other forms of energy. META designs and manufactures advanced materials and performance functional films which are engineered at the nanoscale to control light and other forms of energy. ME
Metamaterial and Torchlight Sign Definitive Agreement for Business Combination albuquerqueexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albuquerqueexpress.com Daily Mail and Mail on Sunday newspapers.
Torchlight Energy Resources, Inc.: Metamaterial and Torchlight Sign Definitive Agreement for Business Combination
Preferred Stock Dividend to be Issued to Torchlight Shareholders Prior to Closing
PLANO, TX and HALIFAX, NS / ACCESSWIRE / December 14, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ( Torchlight ) and Metamaterial Inc. ( Metamaterial or META ) (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today the signing of a definitive agreement for a business combination of Torchlight and Metamaterial by way of a statutory plan of arrangement (the Transaction ). Upon completion of the Transaction, shareholders of Metamaterial are expected to hold an approximate 75% equity interest in the combined company while Torchlight shareholders will retain an approximate 25% equity interest in the combined company, subject to the pre-closing financing described below.