Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) on Friday announced a correction to the shares for debt details from its June 12 and 24, 2020 news releases. According to the update, the Company has executed shares for debt agreements, pursuant to which it will issue an aggregate of 7,582,502 common shares in satisfaction of US$304,309 (including accrued interest) of indebtedness currently owed to six arm’s length creditors. All shares issued pursuant to these transactions are subject to approval of the TSX Venture Exchange.
To view the full press release, visit http://nnw.fm/dq28M
About Petroteq Energy Inc.
Petroteq is a fully integrated clean technology company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction and reclamation of heavy and bitumen from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge soil remediation and heavy oil extraction processing facility located near Vernal, Utah.
For more information, visit www.Petroteq.energy.
NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://nnw.fm/PQEFF
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