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Posted On: 06/15/2018 5:07:53 PM
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NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Details Issuance of Securities
Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) yesterday announced the issuance of a number of securities pursuant to previously issued news releases. Further to its May 18 release, the company issued an aggregate of 559,087 common shares to six arm’s length parties for gross proceeds of $305,000. Further to its May 22 release, the company issued an aggregate of 764,740 common shares to seven arm’s length parties, including common share purchase warrants, for gross proceeds of $472,200. Finally, further to its May 23 release, Petroteq issued an aggregate of 4,240,667 common shares to six arm’s length parties for gross proceeds of $2,502,022. Net proceeds from these issuances are expected to be used by Petroteq to advance its extraction technology in Asphalt Ridge, Utah, as well as for working capital. Including the issuance of shares detailed in yesterday’s update, the company now has 73,567,511 common shares issued and outstanding.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) yesterday announced the issuance of a number of securities pursuant to previously issued news releases. Further to its May 18 release, the company issued an aggregate of 559,087 common shares to six arm’s length parties for gross proceeds of $305,000. Further to its May 22 release, the company issued an aggregate of 764,740 common shares to seven arm’s length parties, including common share purchase warrants, for gross proceeds of $472,200. Finally, further to its May 23 release, Petroteq issued an aggregate of 4,240,667 common shares to six arm’s length parties for gross proceeds of $2,502,022. Net proceeds from these issuances are expected to be used by Petroteq to advance its extraction technology in Asphalt Ridge, Utah, as well as for working capital. Including the issuance of shares detailed in yesterday’s update, the company now has 73,567,511 common shares issued and outstanding.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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