Petroteq Energy Inc. announces the closing of several financings. The Company issued to an arm’s length lender a US$2,400,000 principal amount secured convertible debenture. The debenture has a term of nine months and bears interest at a rate of 5% per annum payable at maturity and at the option of the holder the purchase amount of the debenture is convertible into 5,000,000 common shares of the Company at US$0.40 [...]
Petroteq Energy Inc. , a fully integrated oil and gas company with production assets in the Asphalt Ridge region of Vernal, Utah, is pleased to provide a 2018 year-end operations and strategic update: Dear Shareholders, As we begin to close out 2018, and 2019 fast approaches, I'd like to take this opportunity to reflect on Petroteq's progress in 2018 and provide insight into our near-term strategy and goals for the [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces the following: The Company has closed its previously announced private placement of up to US$3 million. The Company raised gross proceeds of US$2,275,200 through the issuance of 148,146 common shares at US$0.54 per share; 84,744 common shares at US$0.59 per share; 79,365 common shares at US$0.63 per share; 21,739 common shares at US$0.69 per share [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces it has received an additional irrevocable subscription towards its previously announced private placement of up to US$3 million. The new subscription agreement is for 1,111,111 common shares at US$0.54 and warrants exercisable at US$1.50 for 1,111,111 common shares for gross proceeds to the Company of US$600,000. To date, the Company has received [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, is pleased to provide the following corporate updates: The Company is pleased to announce the appointment of Joseph Abrams as the newest member to the Company's Advisory Board. The Company's Advisory Board provides guidance and insight to the management team on the Company's strategic initiatives and go forward strategy as it relates to operational activities [...]
via NEWMEDIAWIRE – Petroteq Energy Inc. , a fully integrated oil and gas company, is pleased to announce that it has begun delivering oil into its regional market. Petroteq Energy Inc. "Our first sale of our product this week represents a critical milestone in Petroteq’s evolving history,” stated CEO David Sealock. “From a strong entrepreneurial spirit, Petroteq has developed into an oil sands [...]
via NEWMEDIAWIRE -- Petroteq Energy Inc. , a fully integrated oil and gas company, is pleased to announce that it has received a Small Source Exemption from the Utah Department of Environmental Quality, Division of Air Quality for its Vernal, Utah facility. Petroteq Energy Inc. The receipt of the Air Quality Small Source Exemption at the Asphalt Ridge asset in Vernal, Utah comes just over a month since the Company [...]
Petroteq Energy Inc. announces the closing of two previously announced financings. The Company issued 500 debenture units of the Company to two arm’s length investors consisting of an aggregate of US$500,000 principal amount unsecured debentures convertible into an aggregate of up to 581,394 common shares of the Company at US$0.86 per share and warrants exercisable for an aggregate of up to 581,000 common shares of [...]
via NEWMEDIAWIRE - Petroteq Energy Inc. , a fully integrated oil and gas company, today announced that management is scheduled to present at The MicroCap Conference in New York City. The conference is being held on October 1-2, 2018 at the JW Marriott Essex House. Event: The MicroCap Conference Date: Monday, October 1, 2018 Time: 9:00 am ET Location: Track 4 at JW Marriott Essex House – 160 Central Park S, New York [...]
via NEWMEDIAWIRE -- Petroteq Energy Inc.. , a fully integrated oil and gas company, is pleased to announce that it has initiated commercial production at its Vernal, Utah facility and publishes the following statement from its CEO, Mr. David Sealock. In my career I have participated in and managed the commissioning of multiple projects that have cost hundreds of millions to build. But, today, I feel that I have really [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, is pleased to announce that it has called a special meeting of shareholders to be held on November 23, 2018 for the principal purpose of seeking shareholder approval for a consolidation of its issued and outstanding common shares on the basis of one post-consolidation Common Share for up to five pre-consolidation Common Shares . As announced on July 12, 2018 [...]
Petroteq Energy Inc. , a fully integrated oil and gas company, announces that it has agreed to complete warrants for debt transactions, pursuant to which it will issue an aggregate of 918,355 common share purchase warrants in satisfaction of US$927,544 of indebtedness currently owed to 17 arm’s length service providers. Each warrant shall entitle the holder thereof to acquire one common share of the Company at a [...]
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