TSXV:PQE.H - Post by User
Comment by
CTM1967on Oct 27, 2021 9:46am
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Post# 34053903
RE:RE:RE:RE:RE:Until PQE starts trading on this Exchange, again......
RE:RE:RE:RE:RE:Until PQE starts trading on this Exchange, again......Also this from the letter of OCT 19 they knew about the offer at that time and still are doing this makes absolutly no sense to me why give away the shares with warrants when you have an offer of $.60 USD someone is greassing someones pockets its just plain Bull Sh.. :
In addition, the Company announces its intention to complete a debt conversion transaction with an arm's length service creditor pursuant to which the Company will issue 2,010,521 common shares of the Company at a deemed price of US$0.119 per share in satisfaction of US$239,252. The Company (with the creditor's consent) determined to satisfy the indebtedness with common shares in order to preserve the Company's cash for use on its extraction technology in Asphalt Ridge, Utah, and for working capital. The debt conversion transaction is subject to approval of the directors of the Company and regulatory approval from the TSX Venture Exchange (the "Exchange"). The foregoing securities will be issued in reliance on exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), and applicable state securities laws, and will be issued as "restricted securities" (as defined in Rule 144 under the U.S. Securities Act). In addition, the securities issuable will be subject to a Canadian four-month hold period.