QualityStocksNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) Closes Resource Acquisition
Petroteq Energy (TSX.V: PQE) (OTCQX: PQEFF) this morning announced the closing and issuance of 15,000,000 common shares to Momentum Asset Partners I, LLC, representing the equity section of the consideration payable to Momentum pursuant to the acquisition of 50% of the operating rights and interests relating to oil sands under U.S. federal oil and gas leases totaling roughly 8,480 gross acres in Utah. Petroteq also reported the closing of subscriptions for 1,730,263 common shares and warrants exercisable for 1,481,481 common shares for gross proceeds of $482,000. In addition, the company announced the execution of an agreement with an arm’s length…