PLANO, TX / ACCESSWIRE / February 1, 2021 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight"), today announced that the McCabe Petroleum Corporation, owned by Torchlight's chairman Greg McCabe, converted the entire principal amount of its $1.5 million secured convertible promissory note issued by Torchlight in September of 2020 into common stock at its conversion price of $0.375 per share, totaling 4,000,000 shares. Additionally, Mr. McCabe converted the entire principal amount of the $100,000 promissory note issued by Torchlight in December 2020 into common stock at its conversion price of $1.00 per share, totaling 100,000 shares.
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