NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V:
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Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil and gas industry technology innovator, recently closed a private placement resulting in gross proceeds of $985,950. An article discussing the company reads, “According to a press release issued by the company on May 22, the net proceeds will be used for Petroteq Energy’s Utah extraction facility technology, as well as for working capital (http://nnw.fm/1Cr6W). . . . Petroteq, a fully integrated oil and gas company engaged in the development and implementation of proprietary technologies for the environmentally-safe extraction of heavy oils, has a patented close-loop clean extraction technology that is already yielding results. The technology is currently in production at the company’s Asphalt Ridge pilot facility in Utah.”
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