Petroteq Energy Inc. , announces a correction to the shares for debt details from its June 12 and 24, 2020 news releases. The Company has executed shares for debt agreements, pursuant to which it will issue an aggregate of 7,582,502 common shares in satisfaction of US$304,309 of indebtedness currently owed to six arm’s length creditors. All shares issued pursuant to the above transactions are subject to approval of [...]
Petroteq Energy Inc. an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, notes the announcement issued by TomCo Energy PLC earlier today that following the establishment by TomCo of a joint venture company, Greenfield Energy LLC with Valkor LLC on the 17th June, Greenfield will take over the management and operations of Petroteq's oil [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces the amendment of three convertible debentures and three warrants issued to an arm’s length lender between July 2019 and October 2019. Pursuant to an agreement between the parties, the parties intend to amend the conversion price applicable to the [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces the execution of shares for debt agreements, pursuant to which it will issue an aggregate of 7,064,864 common shares in satisfaction of US$389,712 of indebtedness currently owed to six arm’s length creditors. The Company determined to satisfy the [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces that it will not be in a position to file its Quarterly Report on Form 10-Q for the three and six months ended February 29, 2020 , which includes the Company’s interim financial statements for the three and six months ended February 29, 2020 and the [...]
Petroteq Energy Inc. announces that it has issued to an arm’s length lender a US$417,000 principal amount secured convertible debenture, and warrants exercisable for up to ?4,906,250? common shares of the Company at US$0.15 per share for 48 months. The purchase price for the securities, less fees and expenses, was advanced by the subscriber to Petroteq between December 13, 2019, and February 14, 2020. The debenture has a [...]
Petroteq Energy Inc. announces it is reducing production staffing to a single shift daily because of market conditions. The Company has chosen to cut hours at the plant to reduce costs in a tumultuous market. Management believes it is important to keep the plant operating to continue production, especially to demonstrate operations to the multiple parties currently completing due diligence on Petroteq as part of the [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce progress on the licensing of its proprietary oil-sands extraction technology. On July 2, 2019, the Company announced that it had entered into a non-exclusive technology licensing agreement with Valkor LLC , a company [...]
Petroteq Energy Inc. , an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that after a scheduled temporary maintenance shutdown in January 2020, during which various process improvements and adjustments were completed, it re-commenced production at its Asphalt Ridge facility [...]
Petroteq Energy Inc. , a fully integrated clean technology company with proprietary technology for soil remediation and oil extraction, announces that it has issued to an arm’s length lender a US$55,000 principal amount unsecured convertible debenture, and warrants exercisable for up to 357,142 common shares of the Company at US$0.14 per share for 12 months. The debenture has a term of 12 months [...]
Petroteq Energy Inc. , a fully integrated clean technology company with proprietary technology for soil remediation and oil extraction, announces that it has issued to an arm’s length lender a US$750,000 principal amount unsecured convertible debenture, and warrants exercisable for up to 3,676,470 common shares of the Company at US$0.17 per share for 48 months. The debenture has a term of 48 [...]
Petroteq Energy Inc. , an oil sands mining and production company having a proprietary technology that extracts hydrocarbons from oil sands without the use of water, is pleased to announce that its shareholders have voted at the annual and special meeting of Shareholders in favor of all matters put to Shareholders at the Meeting. All annual matters that were put before Shareholders at the [...]
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