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Petroteq Cancels Stock Options

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SHERMAN OAKS, CA / ACCESSWIRE / July 27, 2022 / Petroteq Energy Inc. ("Petroteq" or the "Company") ‎‎‎(TSXV:PQE; OTC PINK:PQEFF; FSE:PQCF), ‎an ‎ an oil company focused on the development and implementation of its proprietary oil sands extraction and remediation technologies, announces that it and the optionees of all of the issued and outstanding stock options of the Company have agreed to cancel an aggregate of 4,250,000 stock options, all of which had exercise prices between C$1.00 and C$2.27. Subject to compliance with the policies of the TSX Venture Exchange, the optionees will be eligible to receive awards under the Company's new 2022 Equity Incentive Plan approved by shareholders on July 21, 2022. Accordingly, the Company now has no outstanding stock options.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX ‎Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.‎

CONTACT INFORMATION:

Petroteq Energy Inc.‎
Vladimir Podlipskiy
Interim Chief Executive Officer
Tel: (800) 979-1897‎

SOURCE: Petroteq Energy Inc.‎



View source version on accesswire.com:
https://www.accesswire.com/709970/Petroteq-Cancels-Stock-Options

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Petroteq Energy Inc

OTC:PQEFF

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PQEFF Latest News

Oct 11, 2022
Petroteq Energy Inc. Announces Upsize of Non-Brokered Private Placement and Amendment to Warrant Terms
Sep 30, 2022
Corporate Update From New Chief Executive Officer Ron Miles
Sep 19, 2022
Petroteq Provides Corporate Update, New Executive and Board Appointments, Completion of Regulatory Advisory Committee Mandate and SEC Compliance Framework Extension
Aug 29, 2022
Viston United Swiss AG has Announced the Withdrawal of Takeover Bid to Acquire Shares of Petroteq
Aug 29, 2022
Viston United Swiss AG Withdraws Offer to Acquire Petroteq Energy Inc.

PQEFF Stock Data

Crude Petroleum Extraction 
Mining, Quarrying, and Oil and Gas Extraction
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Integrated Oil, Energy Minerals
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Sherman Oaks

About PQEFF

mcw oil sands recovery, llc owns a patented, environmentally-safe, continuous flow closed-loop technology, which extracts oil from a wide range of oil and other hydrocarbon sediments types. mcw is focused on value creation of proprietary technologies for the environmentally-safe extraction of oil from oil sands and oil shale deposits, with an initial focus on utah and its first oil sands lease in asphalt ridge. mcw has a breakthrough, environmentally-friendly, proprietary oil sands extraction technology which is suitable for all hydrocarbon deposits. the closed-loop technology may also be applied for remedial project such as tailings ponds. after the launch of its first extraction plant in utah, the company is now scaling up its capacity with several additional, higher capacity extraction units within the state, which has over 30 billion barrels of undeveloped but recoverable oil. (doe estimate.) asphalt ridge, the location of mcw’s first plant, is one of utah’s 8 major oil sands depos