Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an oil and gas
industry technology innovator, recently closed a private placement resulting in
gross proceeds of $985,950. An article discussing the company reads, “According
to a press release issued by the company on May 22, the net proceeds will be
used for Petroteq Energy’s Utah extraction facility technology, as well as for
working capital (http://ibn.fm/XlihD).
. . . Petroteq, a fully integrated oil and gas company engaged in the
development and implementation of proprietary technologies for the
environmentally-safe extraction of heavy oils, has a patented close-loop clean
extraction technology that is already yielding results. The technology is
currently in production at the company’s Asphalt Ridge pilot facility in Utah.”
To view the full article, visit http://ibn.fm/HmodT
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. The company’s proprietary process produces zero greenhouse gas
and 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 and processing facility located near
Vernal, Utah. For more information, visit the company’s website at www.Petroteq.energy.
NOTE TO INVESTORS: The latest news and updates
relating to PQEFF are available in the company’s newsroom at http://ibn.fm/PQEFF
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