PLANO, TX and HALIFAX, NS / ACCESSWIRE / December 15, 2020 / Torchlight Electrical power Resources, Inc. (NASDAQ:TRCH), an oil and fuel exploration firm (“Torchlight”) and Metamaterial Inc. (“Metamaterial” or “META”) (CSE:MMAT), a developer of superior-functionality functional products and nanocomposite merchandise, introduced currently that they have launched a webcast presentation providing an overview of META and introducing George Palikaras, Chief Govt Officer of META.
The webcast presentation can be observed by clicking the subsequent website link: http://community.viavid.com/index.php?id=142744
####
About Metamaterial Inc. (META)
META is altering the way we use, interact with, and advantage from light-weight and other sorts of strength. META layouts and manufactures state-of-the-art supplies and efficiency purposeful movies which are engineered at the nanoscale to control light-weight and other varieties of vitality. META is an award profitable World wide Cleantech 100 enterprise with solutions that assistance sustainability by carrying out much more with considerably less they encompass light-weight, sustainable uncooked materials and procedures which consume considerably less vitality and supply more overall performance. META has a increasing patent portfolio and is at present establishing new products with numerous programs in live performance with organizations in the automotive, aerospace, power, consumer electronics and health-related industries. META is headquartered in Halifax, Nova Scotia and has R&D and Product sales offices in London, United kingdom and Silicon Valley. For additional information and facts on META, make sure you stop by www.metamaterial.com
Forward Looking Details
This launch involves forward-looking info inside of the this means of Canadian securities legislation concerning Metamaterial and its business enterprise, which may well involve, but are not limited to, statements with regard to the conditions and expected timing of the proposed transaction, the intention to elevate fairness cash, the likely continued listing on the NASDAQ and the gains thereof, the disposition of Torchlight’s oil and gas belongings, the acceptance of the Transaction by the shareholders of Metamaterial, the business enterprise procedures, product or service improvement and operational pursuits of Metamaterial and Torchlight. Usually but not always, ahead-looking data can be recognized by the use of words and phrases these types of as “assume”, “intends”, “expected”, “believes” or versions (like negative variations) of these words and phrases, or point out that specific actions, events or effects “might”, “could”, “would” or “will” be taken, take place or be achieved. This sort of statements are centered on the present-day anticipations and sights of long term situations of the management of Metamaterial and are centered on assumptions and subject matter to pitfalls and uncertainties. While the management of Metamaterial believes that the assumptions fundamental these statements are affordable, they may possibly demonstrate to be incorrect. The ahead-hunting activities and situation discussed in this release might not manifest and could vary materially as a final result of known
and unfamiliar possibility components and uncertainties impacting the providers, such as pitfalls regarding the ability of the get-togethers to close the proposed transaction, the ability of the functions to increase essential fairness cash, approval of the transaction and ongoing listing by the NASDAQ, approval of the Canadian Securities Exchange, receipt of shareholder acceptance and required third celebration and regulatory consents, the danger that Torchlight may well not be equipped to dispose of its oil and fuel property on favorable terms or at all, threats related to the technologies industry, market place strategic and operational routines, and management’s capability to manage and to work the business enterprise. Even though Metamaterial has tried to discover essential factors that could lead to precise steps, situations or final results to vary materially from those people described in forward-seeking statements, there may be other things that cause actions, situations or results to vary from these predicted, believed or intended. Appropriately, viewers must not spot undue reliance on any forward-seeking statements or info. No ahead-looking assertion can be guaranteed. Except as necessary by relevant securities guidelines, forward-looking statements speak only as of the date on which they are built and Metamaterial does not undertake any obligation to publicly update or revise any forward on the lookout statement, regardless of whether as a consequence of new data, foreseeable future occasions, or in any other case.
The Canadian Securities Trade has neither authorized nor disapproved the contents of this information release.
About Torchlight Electrical power Methods, Inc.
Torchlight Power Means, Inc. (TRCH), centered in Plano, Texas, is a substantial expansion oil and gasoline Exploration and Output (E&P) business with a primary aim of acquisition and advancement of domestic oil fields. Torchlight has property centered in West and Central Texas wherever their targets are set up performs this sort of as the Permian Basin. For further facts on Torchlight, remember to visit www.torchlightenergy.com.
Ahead-Looking Statement
This push release has forward-searching statements within the which means of Area 27A of the Securities Act of 1933, as amended, and Portion 21E of the Securities Trade Act of 1934, as amended, which are intended to be protected by the “safe and sound harbor” created by those people sections. All statements in this launch that are not based on historic actuality are “forward on the lookout statements.” These statements may possibly be discovered by words these types of as “estimates,” “anticipates,” “initiatives,” “strategies,” “strategy,” “intention,” or “planned,” “seeks,” “may perhaps,” “may possibly”, “will,” “expects,” “intends,” “believes,” “really should,” and related expressions, or the unfavorable variations thereof, and which also may possibly be discovered by their context. All statements that deal with operating performance or activities or developments Torchlight Power Means expects or anticipates will come about in the future, these types of as mentioned objectives or ambitions, our refinement of technique, our makes an attempt to secure supplemental funding, our checking out possible company possibilities, or that are not usually historical information, are ahead-hunting statements. When administration has primarily based any ahead-seeking statements involved in this release on its recent anticipations, the info on which such anticipations ended up based mostly may well adjust. Forward-wanting statements include inherent hazards and uncertainties which could bring about true benefits to differ materially from people in the ahead-seeking statements as a result of many factors, which includes pitfalls affiliated with Torchlight’s potential to receive more money in the upcoming to fund prepared enlargement, the desire for oil and pure fuel which desire could be materially impacted by the economic impacts of COVID-19 and feasible will increase in source from Russia and OPEC, the proposed company mix transaction with Metamaterial, basic economic things, competition in the field and other variables that could result in real outcomes to be materially unique from these explained herein as anticipated, thought, believed or anticipated. Added threats and uncertainties are described in or implied by the Hazard Variables and Management’s Dialogue and Evaluation of Financial Problem and Success of Operations sections of Torchlight’s 2019 Yearly Report on Kind 10-K, filed on March 16, 2020 and other studies submitted from time to time with the SEC. Torchlight urges you to look at those dangers and uncertainties in evaluating its ahead-seeking statements. Readers are cautioned to not put undue reliance on any these ahead-searching statements, which communicate only as of the day created. Other than as normally essential by the federal securities legislation, Torchlight disclaims any obligation or endeavor to publicly release any updates or revisions to any forward-hunting statement contained herein (or in other places) to replicate any modify in its anticipations with regard thereto, or any change in activities, situations, or situations on which any these kinds of statement is based mostly.
More Details and The place to Find It
Torchlight and Metamaterial will prepare a proxy statement for Torchlight’s Shareholders to be filed with the SEC. The proxy assertion will be mailed to Torchlight’s Shareholders. Torchlight and Metamaterial urge investors, Shareholders and other intrigued individuals to read through, when available, the proxy assertion, as effectively as other documents filed with the SEC, due to the fact these files will contain vital info about the proposed small business blend transaction. This kind of individuals can also examine Torchlight’s Annual Report on Variety 10-K for the fiscal year ended December 31, 2019, for a description of the stability holdings of its officers and administrators and their respective passions as security holders in the consummation of the transactions described herein. Torchlight’s definitive proxy statement will be mailed to Shareholders of Torchlight as of a history day to be recognized for voting on the transactions explained in this report. Torchlight’s Shareholders will also be ready to attain a copy of these types of documents, with no cost, by directing a request to: John A. Brda, President of Torchlight Energy Resources, Inc., 5700 W. Plano Parkway, Suite 3600, Plano, Texas 75093 e-mail: [email protected]. These files, at the time accessible, can also be obtained, without having cost, at the SEC’s internet internet site (http://www.sec.gov).
Contributors in Solicitation
Torchlight, Metamaterial and their respective administrators, executive officers and other users of their administration and staff members, beneath SEC procedures, may possibly be considered to be individuals in the solicitation of proxies of Torchlight Shareholders in relationship with the proposed company combination. Traders and safety holders may perhaps get hold of far more specific information and facts pertaining to the names, affiliations and interests of Torchlight’s directors in its Once-a-year Report on Form 10-K for the fiscal 12 months ended December 31, 2019, which was submitted with the SEC on March 16, 2020. Information and facts regarding the folks who could, below SEC procedures, be deemed contributors in the solicitation of proxies to Torchlight’s Shareholders in link with the proposed business enterprise mix will be established forth in the proxy assertion for the proposed organization mixture when offered. Information about the pursuits of Torchlight’s and Metamaterial’s participants in the solicitation, which could, in some instances, be different than individuals of Torchlight’s and Metamaterial’s fairness holders generally, will be established forth in the proxy statement relating to the proposed business blend when it results in being out there.
For even more details:
Metamaterial

Mark Komonoski

Director Money Marketplaces and IR

877-255-8483
[email protected]
Torchlight

Derek Gradwell

Integrous Communications

512-270-6990
[email protected]

[email protected]
Source: Torchlight Strength Assets, Inc.
Perspective resource edition on accesswire.com:
https://www.accesswire.com/620915/Metamaterial-and-Torchlight-Provide-Webcast-Presentation-of-Business-Blend
More Stories
Sales Build in November as Inventories Grow
A Two-Way Communication Tool for Teachers
My 50th birthday celebrations in Amsterdam