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Petroteq Energy Inc V.PQE.H

Alternate Symbol(s):  PQEFF

Petroteq Energy Inc. is a clean technology company. The Company is focused on the development, implementation and licensing of a patented, environmentally safe and sustainable technology for the extraction and reclamation of heavy oil and bitumen from oil sands and mineable oil deposits. The Company's subsidiary, Petroteq Energy CA Inc. (PCA), is engaged in the business of exploring for, extracting and producing oil and hydrocarbon products from oil sands deposits and sediments located in the Asphalt Ridge area of Uintah County, Utah. The Company specializes in oil production with ancillary offerings in mining and sand remediation. The Company's clean oil recovery technology (CORT) is used at its Asphalt Ridge Plant to extract and produce crude oil from oil sands utilizing a closed-loop solvent-based extraction system.


TSXV:PQE.H - Post by User

Post by deepoil0808on Aug 21, 2022 12:41am
292 Views
Post# 34909817

Royal Bank of Scotland has confirmed funds for PQE purchase

Royal Bank of Scotland has confirmed funds for PQE purchaseMy understanding of the transaction is as follows:

(a)  Uniexpress Investment Holdings PLC has a bank account with the Royal Bank of Scotland.

(b)  The amount of money per Feb 10, 2022 in this account was 420,000,000 EUROS, we know that it has been bumped up to accomodate Cantone PP due at end of August 2022.

(c) The funds held by Uniexpress Investment Holdings PLC, are for its client Viston 

(d) The funds will be wired from the Royal Bank of Scotland to Kingsdale Advisors to proceed with buyout.

(e) Royal Bank of Scotland has confirmed to PQE via a bank notice that funds are available and, has obtained 
     confirmation from Uniexpress Investments Holdings PLC that it will not touch the funds in its account that are 
     destined for PQE.


I see alot of commentary on Uniexpress and on PQE, but the funds come from the Royal Bank of Scotland as the sender.     It would not have given PQE a bank notice confirming the funds, if such funds were not available at its bank.

My personal opinion
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