Finance & Investing | Capital Markets
Torchlight to List Stock on NASDAQ Exchange Under 'TRCH'
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Torchlight Energy Resources, Inc. has 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".
Tom Lapinski, CEO of Torchlight Energy, commented: "We are extremely excited to have our stock trade on the NASDAQ Capital Market. 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."