Petroteq Energy Completes Private Placement Of Shares For US$0.01 Million

Published: Jul 11 2017
Deal Summary

Petroteq Energy Inc. (formerly MCW Energy Group Limited), a company focused in the development of environment friendly oil sands extraction technologies, as well as in the exploration and production of oil and gas, completed the non-brokered private placement of 42,000 common shares, for gross proceeds of US$0.01 million (MM).

The company intends to use the net proceeds from the offering for general corporate and working capital purposes.

Deal history

Completed: On August 30, 2017, Petroteq Energy completed the non-brokered private placement of 42,000 common shares, for gross proceeds of US$0.01 MM.

Announced: On July 11, 2017, Petroteq Energy agreed to issue 58,593 common shares, at a price of US$0.25 per share, for gross proceeds of US$0.02 MM, in a non-brokered private placement.

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