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Petroteq Comments on Expiry of Viston Offer

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SHERMAN OAKS, CA / ACCESSWIRE / June 28, 2022 / Petroteq Energy Inc. ("Petroteq") ‎‎‎(TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), ‎anan oil company focused on the development and implementation of its proprietary oil sands extraction and remediation technologies, announces that, at the request of the TSX Venture Exchange, one of the amendments to the offer by Viston United Swiss AG ("Viston"), acting through 2869889 Ontario Inc., its subsidiary (the "Offeror") to purchase all of the outstanding common shares of Petroteq as set out in the "Fourth Notice of Variation and Extension" as announced by Viston in Schedule TO/A (Amendment No. 10) filed by the Offeror with the Securities and Exchange Commission on June 17, 2022 and in a News Release issued on June 17, 2022, is that offer has been extended until July 22, 2022.

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/706884/Petroteq-Comments-on-Expiry-of-Viston-Offer

PETROTEQ ENERGY INC

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Crude Petroleum Extraction 
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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