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PLANO, TX / ACCESSWIRE / June 21, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company (‘Torchlight’), today announced that Torchlight and Metamaterial Inc. (‘Metamaterial’) have agreed to extend the outside date by which Torchlight and Metamaterial must close their business combination transaction (the “Arrangement”) to June 30, 2021. The extension provides time for the June 24, 2021 record date and the June 25th payment date of the special Series A Preferred Stock dividend, declared on June 14, 2021, to transpire.
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