Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF), a company focused on the development and implementation of proprietary technologies for the energy industry, this morning announced that it will be presenting at the MicroCap Conference on April 9 at the Essex House in New York City. The company’s CEO David Sealock will be presenting a corporate overview primarily focused on Petroteq’s proprietary technology for oil extraction. The presentation will also cover PetroBLOQ, a blockchain based platform being developed for the supply chain needs of the oil and gas sector. Sealock will also be conducting one-on-one meetings and hosting a Q&A session with investors. Additionally, the company announced that it has closed a private placement of 107,525 common shares of the company for gross proceeds of $100,000. The company also closed a private placement of 114,678 common share units of the company for gross proceeds of $125,000, with each unit consisting of one common share of the company and one common share purchase warrant, with each warrant entitling the holder to acquire one common share of the company at an exercise price of $1.50 per share until March 9, 2020.
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About Petroteq Energy Inc.
Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. The Company has an environmentally safe and sustainable technology for the extraction of heavy oils from oil sands, oil shale deposits and shallow oil deposits. Petroteq is engaged in the development and implementation of its patented environmentally friendly heavy oil processing and extraction technologies. Our proprietary process produces zero greenhouse gas, zero waste and requires no high temperatures. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The Company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the Company, through its wholly owned subsidiary PetroBLOQ, LLC, is seeking to develop the first blockchain based platform created exclusively for the supply chain needs of the oil & gas sector. For more information, visit www.Petroteq.energy and www.PetroBLOQ.com
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