Uppgard Konsult AB Shares an Replace on Initiative To Buy Shares of Petroteq Vitality Inc

Published:Dec 6, 202314:51
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Uppgard Konsult AB Shares an Replace on Initiative To Buy Shares of Petroteq Vitality Inc

Relating to Petroteq Vitality Inc. (‘Petroteq’ or the ‘Firm’) (TSX-V:PQE) (OTC:PQEFF) (FSE:PQCF), Uppgard Konsult AB (‘Uppgard’ or the ‘Firm’) introduced that on July 7, 2021 the Consumer signed an engagement letter with a famend worldwide legislation agency primarily based in Canada with confirmed expertise within the subject of mergers and acquisitions in addition to within the vitality sector usually and oil & fuel particularly.

The scope of the work is to help close to takeover bid / tender provide for shares in Petroteq Vitality Inc. in Canada. We're wanting into additional strengthening the staff and bringing in one other consulting agency that has intensive expertise and data within the North American markets.

To additional earn shareholder confidence, the Consumer offered Uppgard Seek the advice of AB with a tough proof of fund for 120 million Euro to show the monetary assets essential to help the proposed acquisition and the long run improvement of the know-how and growth of the enterprise.

Uppgard Konsult AB has permission to reveal the proof of funds to shareholders within the takeover provide. Uppgard Konsult AB has made an official provide to buy as much as 200 million shares of Petroteq Vitality Inc. at 0.50 Euro per share money from it’s shareholders, topic to Uppgard Konsult AB’s phrases and circumstances. It’s anticipated and anticipated to finish his provide by September 30, 2021.


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