QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Issues Securities to Arm’s Length Lender
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, on Monday announced that it has issued to an arm’s length lender a US $417,000 principal amount (including a 20% original issue discount) secured convertible debenture, and warrants exercisable for up to 4,906,250 common shares of the company at $0.15 per share for 48 months. The purchase price of $392,500 for the securities, less fees and expenses, was advanced by the subscriber to Petroteq between December 13, 2019, and February 14, 2020. The debenture has a term…