InvestorNewsBreaks – Torchlight Energy Resources Inc. (NASDAQ: TRCH) Secures $27M in Underwritten Public Offering
Torchlight Energy (NASDAQ: TRCH), an oil and gas exploration company, has closed an underwritten public offering of 23,000,000 shares of its common stock, including an additional 3,000,000 shares pursuant to the full exercise of the over-allotment option granted to the underwriters. Torchlight Energy secured approximately $27.6 million in gross proceeds, with each of the shares sold at the public offering price of $1.20. The company…