Torchlight Energy Resources

Meta Materials, Inc. engages in the manufacture and development of functional materials. Its technology platform enables global brands to deliver products to customers in consumer electronics, 5G communications, health and wellness, aerospace, automotive, and clean energy. The company was founded by George Palikaras and Themos Kallos on August 15, 2011 and is headquartered in Dartmouth, Canada.

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Meta Materials, Inc. engages in the manufacture and development of functional materials. It also provides nano-optic metamaterial technology for anti-counterfeiting security features. The company was founded by George Palikaras, Themos Kallos, and Nadine Geddes on October 30, 2007 and is headquartered in Dartmouth, Canada.

PLANO, TX and HALIFAX, NS / ACCESSWIRE / December 18, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an oil and gas exploration company ("Torchlight") and Metamaterial Inc. ("META") (CSE:MMAT), a developer of high-performance functional materials and nanocomposite products, announced today that, in accordance with the terms of the previously announced business combination transaction (the "Transaction"), Torchlight has loaned USD$500,000 to META pursuant to an unsecured convertible promissory note (the "META Note"). The META Note is for a 24-month term and bears interest at 8%, with principal and interest due in a lump sum at maturity.

Torchlight and Metamaterial Execute USD$500,000 Note

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