Petroteq Energy Inc. announces the closing of the debenture financings previously disclosed on August 17, 2018. The Company issued to an arm’s length lender a US$3,300,000 principal amount secured convertible debenture, along with warrants exercisable for up to 250,000 common shares of the Company at a price of US$1.10 per share until the date that is 12 months from the date of issuance. The debenture has a term of [...]
Petroteq Energy Inc. announces that it has agreed to complete shares for debt transactions, pursuant to which it will issue an aggregate of 426,429 common shares in satisfaction of $480,670 of indebtedness currently owed to two arm’s length lenders and two arm’s length service providers. The Company determined to satisfy the indebtedness with common shares in order to preserve its cash for use on its [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces the receipt of an irrevocable subscription from an arm’s length party for 1,234,567 units of the Company at US$0.81 per unit consisting of 1,234,567 common shares and 925,925 common share purchase warrants, for gross proceeds of an aggregate US$1,000,000. Each warrant shall entitle the holder to acquire one common share of the Company at an [...]
via NEWMEDIAWIRE - Petroteq Energy Inc. , a fully integrated oil and gas company, announced today that it will be presenting at the 20th Annual Rodman & Renshaw Global Investment Conference, sponsored by H.C. Wainwright & Co., LLC. The conference is being held on September 4-6, 2018 at the St. Regis New York Hotel in New York City. Event: 20th Annual Rodman & Renshaw Global Investment Conference Date: Thursday, September [...]
via NEWMEDIAWIRE -- Petroteq Energy Inc. , a fully integrated oil and gas company, today announced that it was recently featured in The New York Times, in an article by Clifford Krauss, titled, A Plan to Unlock Billions of Barrels of Oil From Utah’s Sands. The article references Petroteq’s disruptive technology, background on the Company and its management team which includes CEO David Sealock and President [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces the receipt of irrevocable subscriptions from 35 arm’s length parties for an aggregate of 5,922,849 common shares at prices ranging from US$0.70 to US$0.81, and 1,906,110 common share purchase warrants, for gross proceeds of an aggregate US$4,412,030. Each warrant shall entitle the holder to acquire one common share of the Company at exercise [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, is excited to announce that it has engaged MetzOhanian, a software engineering firm based in Austin, Texas, to develop blockchain applications for PetroBLOQ. MetzOhanian specializes in blockchain engineering, supply chain management software development, and digital security consulting. MetzOhanian will be working with PetroBLOQ to develop blockchain [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, has finalized continuity testing at its Asphalt Ridge facility and is making final arrangements for continuous operations and marketing activities. Petroteq's Asphalt Ridge Facility “While the pricing and structure of the sales production/marketing strategy are yet to be finalized, Petroteq management is confident that operational costs and related [...]
Calif., Aug. 03, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, announces it has entered into two shares for debt agreements, pursuant to which it will issue an aggregate of 205,194 common shares in satisfaction of US$162,000 of indebtedness currently owed to two arm's length creditors. The Company also proposes to issue 336,871 [...]
Petroteq Energy Inc. announces the issuance of an aggregate of 2,765,115 common shares, and 1,232,150 common share purchase warrants, to 15 arm’s length parties, for gross proceeds of an aggregate US$1,832,600. Each warrant entitles the holder to acquire one common share of the Company at an exercise price of US$1.50 per common share for 24 months from the date of issuance. The net proceeds will be used by the [...]
SHERMAN OAKS, CA, July 26, 2018 -- Petroteq Energy Inc.. , a company focused on the development and implementation of proprietary technologies for the energy industry, wishes to comment on a front-page article published by a local Vernal news publication. The Company is pleased to be the subject of a featured front-page article released by a publication based in Vernal, Utah the Vernal Express earlier this week. The [...]
SHERMAN OAKS, CA, July 24, 2018 -- Petroteq Energy Inc. , a company focused on the development and implementation of proprietary technologies for the energy industry, is pleased to announce that it has signed a Letter of Intent to pursue additional acreage and resources in Utah. Petroteq's Asphalt Ridge Facility Petroteq has reached an agreement with Mareton Alliance LP with a view to acquiring leases and resources within [...]
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