Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Closes Financing, Proceeds Earmarked for Extraction Technology
Petroteq Energy completed a private placement of almost $1 million, generating funds that will be used to continue development of its proprietary technology for the environmentally-safe extraction of heavy oil Currently utilized at the Petroteq extraction facility in the Utah Asphalt Ridge pilot project, the technology could revolutionize the oil industry The company has already reported consistent production at the facility, with plans to expand capacity over the next 24 months Oil and gas industry technology innovator Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) recently announced the closing of a private placement generating aggregate gross proceeds of $985,950 for a…