Petroteq Announces Equity Offering of up to US $2.5 Million - Seite 3

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.‎

Forward-Looking Statements

Certain statements contained in this press release contain forward-looking statements within the ‎meaning of the U.S. ‎and Canadian securities laws. Words such as "may," "would," "could," "should," ‎‎"potential," "will," "seek," "intend," ‎‎"plan," "anticipate," "believe," "estimate," "expect" and similar ‎expressions as they relate to the Company, including: ‎the Offering; the use of the net proceeds from the Offering; the ability of the Company to close the Offering, if at all; ‎the number of Units offered or sold; the gross proceeds of the Offering; and the timing and ability of the Company to ‎obtain all necessary approvals, if at all, and the terms and jurisdictions of the Offering; are intended to identify ‎forward-looking information. All statements ‎other than statements of historical fact may be forward-looking ‎information. Such statements reflect ‎the Company's current views and intentions with respect to future events, based ‎on information ‎available to the Company, and are subject to certain risks, uncertainties and assumptions: including, ‎without limitation: the receipt of necessary approvals; the receipt of one or more subscription agreements from PCF; ‎and all closing conditions being satisfied or waived. Material ‎factors or assumptions were applied in providing ‎forward-looking information. While forward-looking ‎statements are based on data, assumptions and analyses that ‎the Company believes are reasonable ‎under the circumstances, whether actual results, performance or developments ‎will meet the ‎Company's expectations and predictions depends on a number of risks and uncertainties that could ‎‎cause the actual results, performance and financial condition of the Company to differ materially from ‎its expectations. ‎Certain of the "risk factors" that could cause actual results to differ materially from ‎the Company's forward-looking ‎statements in this press release include, without limitation: there is no certainty that it will be commercially viable ‎extract oil from identified reserves; the risk ‎that SITLA will not approve the assignment of the Asphalt Ridge NW ‎Leases to TMC Capital; that full ‎scale commercial production may engender public opposition; changes in laws or ‎regulations; the ‎ability to implement business strategies or to pursue business opportunities, whether for economic or ‎‎other reasons; status of the world oil markets, oil prices and price volatility; oil pricing; litigation; the ‎nature of oil and ‎gas production and oil sands mining, extraction and production; uncertainties in ‎exploration and drilling for oil, gas ‎and other hydrocarbon-bearing substances; unanticipated costs ‎and expenses; loss of life and environmental ‎damage; risks associated with compliance with ‎environmental protection laws and regulations; and directors; risks ‎related to COVID-19 including ‎various recommendations, orders and measures of governmental authorities to try to ‎limit the ‎pandemic, including travel restrictions, border closures, non-essential business closures, quarantines, ‎self-‎isolations, shelters-in-place and social distancing, disruptions to markets, economic activity, ‎financing, supply chains ‎and sales channels, and a deterioration of general economic conditions ‎including a possible national or global ‎recession; and other general economic, market and business ‎conditions and factors, including the risk factors ‎discussed or referred to in the Company's disclosure ‎documents, filed with United States Securities and Exchange ‎Commission and available at ‎www.sec.gov (including, without limitation, its most recent annual report on Form 10-K ‎under the ‎Securities Exchange Act of 1934, as amended), and with the securities regulatory authorities in certain ‎‎provinces of Canada and available at www.sedar.com.‎