공고 • Jan 07
Petroteq Energy Inc. Confirms Issuance of Failure to File Cease Trade Order Petroteq Energy Inc. announced further to its press release dated December 28, 2022, that the Ontario Securities Commission (the ‘OSC’) has issued a failure to file cease trade order against the company (‘FFCTO’) which orders that trading, whether direct or indirect, by any person, of the securities of the company, cease, which includes trading of the common shares of the Company on the TSX Venture Exchange. The company is diligently working with its auditors to file the audited financial statements and corresponding management's discussion and analysis for the years ended August 31, 2021, August 31, 2020 and August 31, 2019 (collectively, the ‘Financial Disclosure’). The Financial Disclosure was required to be filed by December 29, 2022. The reason for the delay in filing the Financial Disclosure relates to considerable work associated with certain restatements of prior years annual financial statements and conversions from US Generally Accepted Accounting Principles (GAAP) financial measures to International Financial Reporting Standards (IFRS). Petroteq is working diligently with its auditors and financial professionals to complete and file the Financial Disclosure as soon as possible. The FFCTO will remain in effect until the receipt by the OSC of all filings the Company is required to make under Ontario securities law, including the Financial Disclosure. Despite the FFCTO, a beneficial security holder of the Company who is not, and was not as at January 5, 2023, an insider or control person of the Company, may sell securities of the Company acquired before January 5, 2023 if both of the following apply: (a) the sale is made through a ‘foreign organized regulated market’, as defined in section 1.1 of the Universal Market Integrity Rules of the Investment Industry Regulatory Organization of Canada; and (b) the sale is made through an investment dealer registered in a jurisdiction of Canada in accordance with applicable securities legislation. The company confirms that its business has not changed and there are no changes to its current business plans. 공고 • Apr 15
Petroteq Energy Inc. announced delayed 10-Q filing On 04/14/2021, Petroteq Energy Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공고 • Apr 11
Petroteq Energy Inc. announced that it expects to receive $0.13 million in funding Petroteq Energy Inc. (TSXV:PQE) announced that it has entered into irrevocable subscription agreements for a private placement of 2,166,667 common shares at a price of $0.06 per share for gross proceeds of $130,000 on April 10, 2021. The transaction will include participation from Alex Blyumkin, an officer and director of the company, for $70,000. All shares issuable will be subject to a Canadian four-month hold period. The transaction is subject to negotiation and execution of definitive agreements, approval of the directors of the company and approval from the TSX Venture Exchange. 공고 • Mar 31
Petroteq Energy Inc. announced that it has received $0.02266 million in funding On March 30, 2021, Petroteq Energy Inc. (TSXV:PQE) closed the transaction. The transaction included participation from a single investor. 공고 • Jan 28
Petroteq Energy Inc. Announces Restart of its Oil Sands Plant at Asphalt Ridge Petroteq Energy Inc. announced that the restart of its oil sands plant at Asphalt Ridge (the "POSP") is currently proceeding more or less as planned. The Company received its mining permits earlier in the month of January 2021 expected. The POSP has since been started and is processing ore. As at the close of business on January 22, 2021, the POSP had produced over 150 barrels of net oil in solvent. The Company is now in the process of optimizing plant operating parameters to meet oil product specifications and optimize solvent usage and recovery. This phase is expected to last a couple of weeks. Thereafter, initial continuous production is expected to begin with a single, 12-hour shift targeting 250 bpd and ramping up in the event a second shift can be added. 공고 • Jan 15
Petroteq Energy Inc. announced delayed 10-Q filing On 01/14/2021, Petroteq Energy Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. 공고 • Dec 01
Petroteq Energy Inc. announced delayed annual 10-K filing On 11/30/2020, Petroteq Energy Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC. 공고 • Nov 28
Greenfield Energy LLC Executes Non-Exclusive, Multi-Site License with Petroteq Energy Inc Petroteq Energy Inc. announced that Greenfield Energy LLC has executed a non-exclusive, multi-site license with Petroteq (the "License"). Pursuant to the terms of the License, the License has been granted in consideration for the funding that Greenfield has provided to date in respect of the upgrades to Petroteq's existing oil sands plant at Asphalt Ridge, Utah (the "POSP") being USD 1,500,000, and a further US$500,000 to be invested by Greenfield into the POSP within 20 days. Greenfield is a 50/50 joint venture between TomCo Energy plc (TomCo) and Valkor LLC (Valkor). The License will allow Greenfield to use Petroteq's oil sands technology, which includes Petroteq's processes for the recovery of oil from oil sands, patents, other intellectual property and know-how, in any future oil sands plants built by Greenfield in the United States. The License also clarifies the ownership of any intellectual property developed as a result of the POSP upgrade and associated trials or otherwise developed by Greenfield in the future. Any such intellectual property will be the property of Petroteq and pursuant to the License, Petroteq will grant Greenfield the ability to utilise such intellectual property, together with any additional intellectual property developed by Petroteq, in accordance with the terms of the License. For any future oil sands plants built by Greenfield utilizing the License, Greenfield will pay Petroteq a 5% royalty of net revenues received from oil products produced from oil sand resources. 공고 • Nov 20
Petroteq Energy Inc. announced that it has received $0.085 million in funding On November 18, 2020, Petroteq Energy Inc. (TSXV:PQE) closed the transaction. The transaction included participation from two investors. 공고 • Nov 14
Petroteq Energy Assay of Oil Sands Saturation Exceeds Expectations Petroteq Energy Inc. announced that assays of oil sands samples taken during a recent survey of the Petroteq lease properties have now been completed. As reported on October 29, 2020, a recent survey of the Petroteq lease properties identified three key areas where the oil sands ore appeared to have higher oil saturations than what was previously mined. Samples were taken from each location and lab assays of the samples have now been completed. The areas sampled show very rich oil saturations ranging from 14 to 18 per cent by weight. Ore having an oil saturation of 14 per cent contains roughly 0.8 barrels of bitumen per ton of ore. The area from which the samples were taken is estimated to contain approximately 60-70,000 tons of mineable ore, which is expected to be sufficient to feed the Company's oil sands plant at Asphalt Ridge (the "POSP") for over three months at a production rate of 400-500 barrels per day. These areas will be the focus of mining efforts during the initial operation of the POSP following its pending restart. Planning is underway for the Company to drill and core at six locations on the lease during November. This is expected to allow Petroteq's mining consultant to develop an expanded and detailed mining plan which will direct future mining operations for continued plant operations once the areas described above have been mined and processed. 공고 • Sep 24
Petroteq Energy Inc. announced that it expects to receive $0.2 million in funding Petroteq Energy Inc. (TSXV:PQE) announced a private placement to issue unsecured convertible debenture, and warrants for gross proceeds of $200,000 on September 3, 2020. The transaction will include participation from existing arm’s length lender. The warrants are exercisable for up to 2,000,000 common shares at $0.10 per share for 15 months. The principle amount of debentures is $240,000 which is being issued at an original issue discount of 20%. The debenture will have a term of 15 months and will bear an interest at a rate of 7% per annum payable quarterly, and at the option of the lender, the purchase amount of the debenture will be convertible into 2,000,000 common shares at $0.10 per share in accordance with the terms and conditions set out in the debenture. The transaction completion and execution of a definitive agreements and all necessary approvals, including from the TSX Venture Exchange The securities will be subject to a Canadian four-month hold period. 공고 • Sep 22
Petroteq Energy Inc. announced that it has received $0.3 million in funding Petroteq Energy Inc. (TSXV:PQE) announced a private placement of 5,000,000 common shares at a price of $0.06 per share for gross proceeds of $300,000 on August 14, 2020. The transaction included participation from an existing arm’s length shareholder. The transaction is subject to completion and execution of a subscription document and all necessary approvals including approval of the TSX Venture Exchange. The shares will be subject to a Canadian four-month hold period.
The company received acceptance from TSX Venture Exchange with respect to the transaction. The transaction included participation from a single placee. 공고 • Aug 19
Petroteq Energy Inc. announced that it has received $0.15 million in funding On August 18, 2020, Petroteq Energy Inc. (TSXV:PQE) closed the transaction. The company received $25,000 in its second tranche, 공고 • Jul 31
Petroteq Energy Inc. announced that it expects to receive $0.15 million in funding Petroteq Energy Inc. (TSXV:PQE) announced that it has entered into an irrevocable subscription agreement for private placement of convertible debenture and warrants for gross proceeds of $150,000 on July 29, 2020. The warrants are exercisable for up to ?3,033,980? common shares at a price of $0.0412 per share for 12 months. The debenture will have a term of 12 months and bear no annual interest. The debentures are issued at a discount of 20%. At the option of the holder the purchase price of the debenture will be convertible into ?3,033,980 ?common shares at a price of $0.0412 per share. The transaction is subject to approval from TSX Venture Exchange. The securities will be issued pursuant to Regulation D and will be subject to a Canadian four-month hold period. 공고 • Jul 17
Petroteq Energy Inc. announced delayed 10-Q filing On 07/14/2020, Petroteq Energy Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.