Petroteq Energy Inc: Petroteq Announces Equity Raise, Debenture Amendment and Debt Conversions
Petroteq or the
Company ) (TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that it has received irrevocable subscription agreements for gross proceeds of US$130,000 for an aggregate of 2,666,665 common shares of Petroteq at a price of US$0.06 per share. The subscriptions include a US$70,000 subscription from Mr. Alex Blyumkin, an officer and director of Petroteq, for 1,666,666 common shares.
In addition, the Company announces it has reached an agreement to amend a previously issued US$2,400,000 principal amount secured convertible debenture (the
Petroteq Announces Equity Raise, Debenture Amendment and Debt Conversions
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