Petrotech Oil & Gas, Inc. (OTCPK:PTOG) announced a private placement of common shares for gross proceeds of $10,000,000 on May 31, 2013. The minimum investment accepted from any outside investor will be $25,000. The company will issue securities pursuant to exemption provided under Regulation D. The company will pay commission of up to 10% of the gross proceeds to licensed brokers, if any. The transaction will remain open for more than a year.

The transaction was cancelled as of May 31, 2014.