NetworkNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Secures Financing for Asphalt Ridge Extraction Technology, Working Capital
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), a fully integrated surface oil sands mining oil company with proprietary technology, on Tuesday announced the issuance to an arm’s length lender of a US$480,000 principal amount (including a 20% original issue discount) unsecured convertible debenture, and warrants exercisable for up to 2,666,666 of the company’s common shares, each at US$0.15, for 12 months. The debenture has a 12-month term and bears a 3.3% interest rate per annum payable on maturity, and, at the option of the holder and in accordance with the terms and conditions, the purchase amount of the debenture (excluding the…







