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