TSXV:PQE.H - Post by User
Post by
MatthewDavieson Jun 03, 2022 11:23am
81 Views
Post# 34729652
Petroteq Announces Equity Offering of up to US $2.5 Million
Petroteq Announces Equity Offering of up to US $2.5 MillionPetroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE); (OTC PINK:PQEFF); (FSE:PQCF), an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, is pleased to announce that it has entered into an agreement with Cantone Research, Inc. (the "Placement Agent") for a best efforts brokered offering of up to 12,195,121 units (the "Units") of the Company at US$0.205 per Unit for aggregate gross proceeds to the Company of up to US$2,500,000 (the "Offering"). Each Unit shall consist of one common share of the Company (a "Common Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"). Each Warrant will be exercisable to acquire one Common Share for a period of 24 months following the closing of the Offering at an exercise price of US$0.27 per share. View source version on accesswire.com: https://www.accesswire.com/703737/Petroteq-Announces-Equity-Offering-of-up-to-US-25-Million