InvestorNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Amends Term of Prior Debt Conversions

StreetInsider2022-06-09

Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an oil company focused on the development and ‎‎implementation of its proprietary oil sands extraction and remediation technologies, has amended ...

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(TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) Amends Term of Prior Debt Conversions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-09 21:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20195799><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an oil company focused on the development and ‎‎implementation of its proprietary oil sands extraction and remediation technologies, has amended ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20195799\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HCTI","symbol_name":"Healthcare Triangle, Inc.","start_time":0,"source_url":"https://www.streetinsider.com/dr/news.php?id=20195799","article_id":"2242365773","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2242365773","pubTimestamp":1654782900,"columns":[],"sourceInfo":{"source_id":"highlight_streetinsider","name":"StreetInsider"},"weMediaInfo":null,"summary":"Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an oil company focused on the development and","collect":0,"end_time":0,"defaultTopTitle":"streetinsider.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"HCTI":"Healthcare Triangle, Inc.","PQEFF":"Petroteq Energy Inc.","BK4191":"家用电器","BK4167":"医疗保健技术","TERN":"Terns Pharmaceuticals, Inc.","CRCT":"Cricut, Inc.","FWRG":"First Watch Restaurant Group, Inc.","BK4213":"石油与天然气的勘探与生产","BK4209":"餐馆","BK4139":"生物科技","BK4539":"次新股","OLPX":"Olaplex Holdings, Inc.","BOLT":"Bolt Biotherapeutics, Inc.","BK4007":"制药","BK4183":"个人用品"},"translate_title":"InvestorNewsbreaks-Petroteq Energy Inc.（TSX.V：PQE）（OTC：PQEFF）（FSE：PQCF）修改先前债务转换的期限","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ALVU":1,"BOLT":1,"CRCT":1,"FWRG":1,"HCTI":1,"OLPX":1,"PQEFF":1,"TERN":1},"content_text":"Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), an oil company focused on the development and ‎‎implementation of its proprietary oil sands extraction and remediation technologies, has amended the terms of two debt conversion transactions with two arm’s length creditors. The adjustment was made as the result of a request from the TSX Venture Exchange. According to the announcement, the two debt conversion transactions were for the settlement of $538,971 of debt that was originally announced in November 2021. Petroteq and the arm’s length creditors agreed to amend the conversion price from $0.119 to $0.175; the amendment will result in the issuance of 3,079,833 common shares of the company rather than 4,529,166 common shares. The announcement also noted that the trading halt on Petroteq shares was lifted on May 27, 2022, and the company may submit these conversion settlements to the exchange for approval. The details of the transactions and amendments are subject to the typical approvals from both the exchange and directors of the company.\nTo view the full press release, visit https://ibn.fm/7RtpU\nAbout Petroteq Energy Inc.\nPetroteq is a clean-technology company 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 versatile technology can be applied to both water-wet deposits and oil-wet deposits, outputting high-quality oil and clean sand. Petroteq believes that its technology can produce a relatively sweet heavy crude oil from deposits of oil sands at Asphalt Ridge, Utah, without requiring the use of water and, therefore, without generating wastewater that would otherwise require the use of other treatment or disposal facilities, which could be harmful to the environment. Petroteq’s process is intended to be a more environmentally friendly extraction technology that leaves clean residual sand, which can be sold or returned to the environment without the use of tailings ponds or further remediation. For more information about the company, visit www.Petroteq.energy.\nNOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at http://ibn.fm/PQEFF\nAbout InvestorWire\nInvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent.\nAs part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily.\nFor more information, please visit https://www.InvestorWire.com\nPlease see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer\nInvestorWire (IW)8033 Sunset Blvd Suite 1037-IWLos Angeles, CA 90046310.299.1717 Officewww.InvestorWire.com[email protected]\nInvestorWire is part of the InvestorBrandNetwork.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2242365773"}