0001140361-15-026628.txt : 20150702
0001140361-15-026628.hdr.sgml : 20150702
20150702183230
ACCESSION NUMBER: 0001140361-15-026628
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20150504
FILED AS OF DATE: 20150702
DATE AS OF CHANGE: 20150702
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: TORCHLIGHT ENERGY RESOURCES INC
CENTRAL INDEX KEY: 0001431959
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
IRS NUMBER: 743237581
STATE OF INCORPORATION: NV
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5700 W. PLANO PARKWAY, SUITE 3600
CITY: PLANO
STATE: TX
ZIP: 75093
BUSINESS PHONE: (214) 432-8002
MAIL ADDRESS:
STREET 1: 5700 W. PLANO PARKWAY, SUITE 3600
CITY: PLANO
STATE: TX
ZIP: 75093
FORMER COMPANY:
FORMER CONFORMED NAME: Pole Perfect Studios, Inc.
DATE OF NAME CHANGE: 20080409
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shockey Eunis Lorance Jr
CENTRAL INDEX KEY: 0001523033
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36247
FILM NUMBER: 15971465
MAIL ADDRESS:
STREET 1: 10827 STONE CANYON ROAD
CITY: DALLAS
STATE: TX
ZIP: 75230
4
1
doc1.xml
FORM 4
X0306
4
2015-05-04
0
0001431959
TORCHLIGHT ENERGY RESOURCES INC
TRCH
0001523033
Shockey Eunis Lorance Jr
5700 WEST PLANO PARKWAY
SUITE 3600
PLANO
TX
75093
1
0
0
0
Warrants
.50
2015-05-04
4
A
0
400000
A
2015-05-04
2018-05-04
Common Stock
400000
400000
D
Warrants
2.29
2015-06-30
4
A
0
50000
A
2015-06-30
2018-06-30
Common Stock
50000
50000
D
The issuer issued a promissory note (the "Note") to Mr. Shockey on November 4, 2014 to evidence his loan of $500,000, which Note was due on December 4, 2014. As consideration for defaulting on the Note and for Mr. Shockey agreeing to extend the Note, the issuer's Board of Directors authorized issuing the 400,000 warrants to Mr. Shockey on May 4, 2015.
On June 30, 2015, the issuer's Board of Directors authorized issuing the 50,000 warrants to Mr. Shockey as consideration for agreeing to extend the Note to December 31, 2015. Under the terms of the extension, if the Note is not earlier prepaid, the issuer must issue Mr. Shockey an additional 50,000 warrants on September 30, 2015 with an exercise price equal to the closing market price on that date plus $0.05 and an additional 50,000 warrants on December 31, 2015 with an exercise price equal to the closing market price on that date plus $0.05.
/s/ Eunis Lorance Shockey Jr.
2015-07-02