MiningNewsBreaks – Petroteq Energy Inc. (TSX.V: PQE) (OTC: PQEFF) Announces Amendment to Securities and Shares for Debt
Petroteq Energy (TSX.V: PQE) (OTC: PQEFF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, on Wednesday announced the amendment of three convertible debentures and three warrants issued to an arm’s length lender between July 2019 and October 2019. According to the update, the parties to the agreement intend to amend the conversion price applicable to the purchase price (US$650,000) of the US$780,000 principal amount convertible debentures from US$0.17, US$0.19 and US$0.21 to US$0.037. In addition, the parties intend to amend the exercise price of three warrants issued to the lender exercisable…