QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Announces Financings, Investment by CEO
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, has received irrevocable subscription agreements totaling $2,144,999.92 in gross proceeds for the company. The agreements consist of 17,874,996 units of the company offered at $0.12 per unit, with a unit including one common share of the company and one transferable common share purchase warrant; each warrant also entitles the holder to acquire one additional common share of the company, which will be offered at $0.12 per share. According to the announcement, the financings include a…