PETROTEQ ENERGY INC. Petroteq Energy Inc. announced a non-brokered private placement of up to 1,600,000 units at an issue price of CAD 0.05 per unit for proceeds of CAD 80,000 on September 30, 2022. Each unit will be comprised of one Common Share and one-half of one common share purchase warrant. Each Warrant will entitle the holder thereof to purchase one Common Share at a price of CAD 0.05 for a period of 12 months from the closing date of the transaction.
The securities are subject to a resale hold period under applicable Canadian securities laws. The transaction is subject to the approval of the TSXV.
