SOURCE: Torchlight Energy Resources, Inc.
Shares Will Begin Trading on NASDAQ on December 16, 2013
PLANO, TX--(Marketwired - December 13, 2013) - Torchlight Energy Resources, Inc.
(OTCQB: TRCH) ("Torchlight Energy" or "the Company") today announced that the Company received approval by NASDAQ's Listing Qualifications Department to list its common stock on the NASDAQ Capital Market. The Company anticipates that its common stock will commence trading on the NASDAQ Capital Market on December 16, 2013 under the same ticker symbol "TRCH". Until that time, the Company's common stock will continue to trade on the OTC Markets under the ticker symbol "TRCH".
"We are extremely excited to have our stock trade on the NASDAQ Capital Market," stated Tom Lapinski, CEO of Torchlight Energy. "We have made significant progress expanding our production and diversifying our reserves over the past year. Additionally, we have strengthened our management team and improved our corporate governance across the board. These actions position us well to sustain the positive momentum we have achieved so far in our business and in generating returns for our shareholders. Having our stock trade on the NASDAQ exchange will help us further increase our shareholder base and hopefully our liquidity and valuation as well."
About Torchlight Energy
Torchlight Energy Resources, Inc. (OTCQB: TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company currently holds interests in Texas, Kansas and Oklahoma where their targets are established plays such as the Eagle Ford Shale, Mississippi Limestone and Hunton Limestone trends. For additional information on the company, please visit www.torchlightenergy.com.
Forward Looking Statement
The information contained in this news release, other than historical information, consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements may involve risks and uncertainties that could cause actual results to differ materially from those described in such statements. Such forward-looking statements involve known and unknown risks and uncertainties, including risks associated with Torchlight Energy's ability to obtain additional capital in the future to fund planned expansion, the demand for oil and natural gas, general economic factors, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. The company is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.