Petroteq Energy Inc.’s (TSX.V: PQE) (OTC: PQEFF) Closes Equity Financing, Invests Proceeds in Its Innovative Extraction Technology
First announced in September 2019, the equity financing generated proceeds of $500,000 The financing is part of an ongoing effort to secure the capital required to enhance the company’s Asphalt Ridge oil extraction processes Extraction operations were recently resumed at Asphalt Ridge after facility upgrades Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) announced on October 18, 2019, the final closing of equity financing initiated one month prior. According to a news release, the company generated gross proceeds of $500,000 through the issuance of 2,777,777 units sold at $0.18 each (http://nnw.fm/8XlSF). Funds generated through the equity financing will be put towards…
