NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Significant Investments
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, today announced that both Valkor Engineering and Petroteq’s Chairman Alex Blyumkin have agreed to invest in the Company at a premium to the public market price of its common shares. According to the update, Blyumkin has delivered an irrevocable subscription agreement for US$600,000 for 15,000,000 common shares of Petroteq, each at a price of US$0.04 – a 20% premium to the current market price. In addition, Petroteq’s strategic technology partner, Valkor Engineering, has agreed to complete a…







