Petroteq Energy Inc.

Petroteq Energy Inc. announces that one of Company's largest shareholders, Cantone Asset Management, LLC and its affiliates, has tendered more than 100,000,000 shares in takeover-bid from Viston Swiss United, AG Offer; in addition the Company announced the issuance to Cantone Asset Management, LLC of a US$300,000 principal amount convertible debenture of the Company, and 2,500,000 transferable common share purchase [...]

Petroteq Energy Inc. has updated and completed the design for the planned 5,000 BPD day extraction plant. Valkor signed a Technology License Agreement with Petroteq on July 1, 2019, and has been operating at the plant in Vernal, Utah under a Service Master Agreement signed on November 1, 2018. Valkor is fully cognizant of the engineering and technical aspects needed for the process to have this update done to incorporate [...]

Petroteq Energy Inc. announces that it has been advised by its Founder, Former Chairman and CEO, Mr. Alex Blyumkin, that he has tendered shares in respect to the tender offer by 869889 Ontario Inc., an indirect wholly-owned subsidiary of Viston United Swiss AG, to purchase all of the issued and outstanding common shares of Petroteq. The Offer remains open for acceptance until 5:00 p.m. on April 14, 2022, unless the Offer [...]

Petroteq Energy acknowledges having seen the press release issued by Viston United Swiss AG on February 24, 2022 in connection with the tender offer by 869889 Ontario Inc., an indirect wholly-owned subsidiary of Viston, to purchase all of the issued and outstanding Common Shares of Petroteq, and confirms that it in fact is willing to assist Viston with its CFIUS filings. Petroteq also acknowledges receipt of a copy of the [...]

Petroteq Energy is pleased to announce the completion of a third-party economic evaluation report dated Feb 10, 2022 in relation to sands anticipated to be produced as by-products of petroleum products from oil sands at the Asphalt Ridge NW Leases in Utah. The Report was prepared by Broadlands Minerals Advisory Services Ltd., with input from Q4 Impact Group, under engagement to Broadlands, on markets and prices for the [...]

Petroteq Energy Inc. is pleased to announce that the Company has retained Peak Value IP, LLC to provide a third party valuation of Petroteq's Clean Oil Recovery Technology, the proprietary intellectual property behind oil sands extraction process. Petroteq's Technology is considered a "clean technology" and is an environmentally safe and sustainable technology. While the Technology is applicable to both "water-wet" and [...]

Petroteq Energy announces the closing of the US$750,000 subscription for 6,250,000 units of Petroteq at a price of US$0.12 per unit originally announced by the Company on August 4, 2021. Each unit consists of one common share of the Company, and one transferable share purchase warrant, with each warrant entitling the holder thereof to acquire one additional common share of the Company at a price of US$0.128 per share for [...]

Petroteq Energy announced that it has received from Canadian legal counsel to Viston Swiss United AG, a copy of an advice issued by Royal Bank of Scotland on Feb 7, 2022 confirming that UNIExpress Investment Holdings PLC, as the sending bank acting on behalf of its client Viston, is holding cash funds in the amount of 420,000,000 EUR in favor of the receiving bank's client, Kingsdale Advisors. Kingsdale Advisors has been [...]

Petroteq Energy Inc. announces that each of the directors serving on the board of directors of the Company has indicated an intention to tender their shares to 2869889 Ontario Inc., an indirect wholly-owned subsidiary of Viston United Swiss, under and pursuant to the terms of a tender offer by the Offeror to purchase all of the issued and outstanding common stock of Petroteq. In an earlier press release issued on January [...]

Petroteq Energy announces the appointment of Michael Hopkinson and Robert Chenery to its board of directors, and the appointment of Vladimir Podlipsky as the Interim Chief Executive Officer, and Michael Hopkinson as the Chief Financial Officer. R G Bailey has retired as the Interim Chief Executive Officer and a director of the Company and will remain as a valuable resource to the Company as a consultant providing his [...]