InvestorNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF), Uppgard Konsult AB Release Update on Share Purchase Initiative

July 16, 2021 11:50:40
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF) (FSE: PQCF) and Uppgard Konsult AB have announced the signing of an engagement letter with a well-known, Canada-based, international law firm that specializes in the field of mergers and acquisitions as well as in the energy sector in general and oil and gas in particular. The agreement outlines assistance with regards to Uppgard Konsult AB’s takeover bid and tender offer for shares in Petroteq Energy in Canada. Uppgard Konsult AB has officially offered to purchase up to 200 million shares of Petroteq at 0.50 euro per share, subject to Uppgard Konsult AB’s terms and conditions. The announcement noted that Uppgard Konsult AB has permission to disclose the proof of funds to shareholders interested in the takeover offer; the purchase offer is expected to close by Sept. 30, 2021. “We are looking into further strengthening the team and bringing in another consulting firm that has extensive experience and knowledge in the North American markets,” the press release stated. “To further earn shareholder confidence, the client provided Uppgard Consult AB with a hard proof of fund for 120 million euro to demonstrate the financial resources necessary to support the proposed acquisition and the future development of the technology and expansion of the business.” To view the full press release, visit About Petroteq Energy Inc. Petroteq is an integrated oil company focused on the development and implementation of a new proprietary technology for oil extraction and remediation. The company has an environmentally safe and sustainable technology for the extraction and reclamation of heavy and bitumen 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. Petroteq is currently focused on developing its oil sands resources and expanding production capacity at its Asphalt Ridge soil remediation and heavy oil extraction processing facility located near Vernal, Utah. For more information about the company, visit NOTE TO INVESTORS: The latest news and updates relating to PQEFF are available in the company’s newsroom at

About InvestorWire

InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.

With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.

Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.

For more information, please visit

Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published:

InvestorWire (IW) 8033 Sunset Blvd Suite 1037-IW Los Angeles, CA 90046 310.299.1717 Office

InvestorWire is part of the InvestorBrandNetwork.