Item 7.01 Regulation FD Disclosure.
On January 25, 2021, the Company disseminated a news release which is reproduced
below in its entirety.
PETROTEQ ANNOUNCES CHANGES TO ITS BOARD AND OFFICER POSITIONS
Sherman Oaks, California - January 25, 2022 - Petroteq Energy Inc. ("Petroteq"
or the "Company") ??(TSXV:PQE; ?OTC:PQEFF; FSE:PQCF), an oil ?company focused on
the development and implementation of its proprietary oil-?extraction and
remediation technologies, announces the appointment of Michael Hopkinson and
Robert Chenery ?to its board of directors, and the appointment of Vladimir
Podlipsky as the Interim Chief Executive Officer, and Michael Hopkinson as the
Chief Financial Officer.
R G Bailey has retired as the Interim Chief Executive Officer and a director of
the Company and will remain as a valuable resource to the Company as a
consultant providing his expertise in the oil and gas industry. In addition, Ron
Cook has resigned as the Chief Financial Officer of the Company and will remain
with the Company as an employee/consultant assisting with accounting and
financial reporting.
The Company continues to work with the TSX Venture Exchange on a reinstatement
of trading and will update the market as ?things progress. The Company is
optimistic it is getting closer to a resolution of outstanding questions and a
reinstatement of trading.
About Petroteq Energy Inc.
Petroteq is a clean technology company focused on the development,
implementation and licensing of a patented, environmentally safe and sustainable
technology for the extraction and reclamation of heavy oil and bitumen from oil
sands and mineable oil deposits. The versatile technology can be applied to both
water-wet deposits and oil-wet deposits - outputting high-quality oil and clean
sand.
Petroteq believes that its technology can produce a relatively sweet heavy crude
oil from deposits of oil sands at Asphalt Ridge without requiring the use of
water, and therefore without generating wastewater which would otherwise require
the use of other treatment or disposal facilities which could be harmful to the
environment. Petroteq's process is intended to be a more environmentally
friendly extraction technology that leaves clean residual sand that can be sold
or returned to the environment, without the use of tailings ponds or further
remediation.
For more information, visit www.Petroteq.energy.
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 Podlipsky
Interim Chief Executive Officer
Tel: (800) 979-1897
- 2 -
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses