McCabe Greg 4
4 · TORCHLIGHT ENERGY RESOURCES INC · Filed Dec 6, 2017
Insider Transaction Report
Form 4
McCabe Greg
10% Owner
Transactions
- Other
Common Stock
2017-12-01+2,500,000→ 3,297,099 total(indirect: See footnote)
Holdings
- 10,264,335
Common Stock
Footnotes (2)
- [F1]On December 1, 2017, Torchlight Energy Resources, Inc. (the "Issuer") issued 2,500,000 shares of common stock, par value $0.001 per share (the "Common Stock"), to McCabe Petroleum Corporation, a Texas corporation wholly-owned by Greg McCabe ("MPC"), in connection with the closing of the merger contemplated by the Agreement and Plan of Reorganization, dated as of November 14, 2017, by and among Warwink Properties, LLC, a Texas limited liability company and wholly-owned subsidiary of MPC ("Warwink"), MPC, the Issuer and Torchlight Wolfbone Properties, Inc., a Texas corporation and wholly-owned subsidiary of the Issuer ("Merger Sub"). Upon the closing, Merger Sub merged with and into Warwink, with Warwink as the surviving organization and a wholly-owned subsidiary of the Issuer and MPC's membership interests in Warwink were converted into the right to receive 2,500,000 shares of Common Stock.
- [F2]2,500,000 shares of Common Stock are owned of record by MPC, the capital stock of which is wholly-owned by Greg McCabe. An additional 797,099 shares of Common Stock are owned of record by G Mc Exploration, LLC, in which Greg McCabe owns 50% of the outstanding membership interests.