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SHERMAN OAKS, CA / ACCESS CABLE / July 25, 2022 / Petroteq Energy Inc. (“petrotech” or the “Company“) ‎‎‎(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, is pleased to announce that its shareholders (the “Shareholders“) have voted at the annual and extraordinary meeting of Shareholders on July 21, 2022 (the “Meeting“) in favor of all matters raised with the Shareholders at the Meeting.

All matters presented to the Shareholders at the Meeting were approved, including a possible consolidation of shares (the “Consolidation“). Any potential Consolidation, as a result of shareholder approval at the Meeting, including a consolidation ratio, is subject to the approval of the director and the TSX Venture Exchange. Shareholders are advised not to mail certificates representing their common shares until they receive a letter of transmittal and confirmation from the Company via press release that the directors of the Company have decided to implement the Consolidation.


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For more information on the matters voted on at the Meeting, please refer to the Company’s management information circular dated June 3, 2022, which has been filed on the Company’s profile on SEDAR at www.sedar.com and at https://petroteq.energy/2022agm.

In addition, Petroteq announces that one of the modifications to the offer of Viston United Swiss AG (“view“), acting through 2869889 Ontario Inc., its subsidiary (the “offerer“) a purchase all outstanding common shares of Petroteq as set forth in the “Fifth Notice of Variation and Extension” announced by Viston in Exhibit TO/A (Amendment No. 13) filed by the Offeror with the Securities and Exchange Commission on December 22, July 2022 and in a Press Release issued on July 22, 2022, is that the offer has been extended until September 9, 2022.

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

CONTACT INFORMATION:


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Petroteq Energy Inc.‎
Vladimir Podlipskiy
Interim CEO
Phone: (800) 979-1897‎

FONT: Petroteq Energy Inc.‎

See source version at access cable.com:
https://www.accesswire.com/709646/Petroteq-Announces-Results-Of-Shareholders-Meeting

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