Carnival PLC
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Consumer Discretionary : Hotels, Restaurants & Leisure | Small Cap Value
Based in United Kingdom
Company profile

Carnival PLC is a leisure travel company. The Company provides vacations to various cruise destinations throughout the world. It operates across North America, Australia, Europe and Asia. Its segments include North America and Australia (NAA) Segment, Europe and Asia (EA) Segment and Cruise Support segment. The NAA segment includes various brands, such as Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia) and Seabourn. The EA segment includes the Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (UK) and Cunard brands. Its Cruise Support segment includes its portfolio of port destinations and other services, all of which are operated for the benefit of its cruise brands. It offers a range of products and services to suit vacationing guests of various ages, backgrounds and interests. The Company also owns Holland America Princess Alaska Tours, a tour company in Alaska and the Canadian Yukon, which complements its Alaska cruise operations.

This security is an American depositary receipt
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Closing Price
$13.50
Day's Change
0.46 (3.53%)
Bid
--
Ask
--
B/A Size
--
Day's High
13.99
Day's Low
13.34
Volume
(Heavy Day)
Volume:
2,332,820

10-day average volume:
1,690,760
2,332,820

Torchlight Energy Resources, Inc. Announces Closing of $3,000,000 Registered Direct Offering

5:01 pm ET June 16, 2020 (Accesswire) Print

PLANO, TX / ACCESSWIRE / June 16, 2020 / Torchlight Energy Resources, Inc. (NASDAQ:TRCH), an energy company engaged in the acquisition, exploration, exploitation and/or development of oil and natural gas properties in the United States, today announced the closing of the registered direct offering announced on June 12, 2020. The company sold 7,894,737 shares to the investor, and as part of the offering, issued to the investor a warrant to purchase up to 3,157,895 shares of common stock. Total gross proceeds were approximately $3.0 million before deducting expenses payable by the company in connection with the offering. The company intends to use the net cash proceeds for drilling obligations, debt interest payments and general corporate purposes.

A prospectus supplement and the accompanying prospectus relating to the offering were filed with the Securities and Exchange Commission (SEC). The company will also file a Form 8-K in connection with the closing of the offering. Electronic copies of the prospectus supplement and the accompanying prospectus relating to the registered direct offering may be obtained at the SEC's website at http://www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Torchlight Energy Resources, Inc.

Torchlight Energy Resources, Inc. (TRCH), based in Plano, Texas, is a high growth oil and gas Exploration and Production (E&P) company with a primary focus on acquisition and development of highly profitable domestic oil fields. The company has assets focused in West and Central Texas where their targets are established plays such as the Permian Basin. For additional information on the Company, please visit www.torchlightenergy.com.

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "strategy," "goal," or "planned," "seeks," "may," "will," "expects," "intends," "believes," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address operating performance or events or developments Torchlight Energy Resources expects or anticipates will occur in the future, such as stated objectives or goals, our refinement of strategy, including the outcome of our announced downgrading of operations, our attempts to secure additional financing, our exploring possible business alternatives, or that are not otherwise historical facts, are forward-looking statements. While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements as a result of various factors, including those risks and uncertainties described in or implied by the Risk Factors and in Management's Discussion and Analysis of Financial Condition and Results of Operations sections of our Annual Report on Form 10-K, filed on March 16, 2020 and our other reports filed from time to time with the Securities and Exchange Commission. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto, or any change in events, conditions, or circumstances on which any such statement is based.

Forward-Looking Statements

Certain statements in this press release constitute "forward-looking statements" within the meaning of the federal securities laws. Words such as "may," "might," "will," "should," "believe," "expect," "anticipate," "estimate," "continue," "predict," "forecast," "project," "plan," "intend" or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding the completion of the offering and use of proceeds. While Torchlight Energy Resources believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in Torchlight Energy Resources' filings with the Securities and Exchange Commission. Thus, actual results could be materially different. Torchlight Energy Resources expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contact

Derek GradwellInvestor Relations ConsultantPhone: 512-270-6990Email: ir@torchlightenergy.com

SOURCE: Torchlight Energy Resources, Inc.

View source version on accesswire.com: https://www.accesswire.com/594133/Torchlight-Energy-Resources-Inc-Announces-Closing-of-3000000-Registered-Direct-Offering

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