2 June 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 60,500 shares on the open market at $0.26.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
25 May 2022business combination● NeutralMajor
Viston's eighth amendment adds a May 25, 2022 press release saying the US Treasury told Viston's offeror the CFIUS notice was accepted and the 45-day review began May 24, 2022, ending no later than July 7, 2022. Viston says it currently intends to extend the Cdn$0.74 offer to a date after July 7 but has not set a new expiry. Clearance is a condition of the offer, so completion is not before July 7 at the earliest.
24 May 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 15,000 shares on the open market at $0.29.
20 May 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 47,000 shares on the open market at $0.28.
19 May 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 104,500 shares on the open market.
18 May 2022business combination● NeutralMajor
Viston's seventh amendment adds a May 18, 2022 press release saying a voluntary notice seeking clearance from the US foreign-investment review body (CFIUS) was formally submitted by Viston's offeror and Petroteq on May 16, 2022. This follows the February 24 news that CFIUS could not clear the earlier declaration filed January 6. The 45-day review period had not yet been confirmed as started, so the Cdn$0.74 cash offer still cannot complete until clearance is obtained. A condition that was not listed as cleared earlier is now the main open step.
2 May 2022securities registration● Neutral
PETROTEQ ENERGY INC. amended a filing by which it filed notice of an exempt private placement.
27 Apr 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 4,375,000 shares on the open market.
20 Apr 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 3,446,666 shares on the open market.
18 Apr 2022business combination● Neutral
Petroteq filed its fifth amendment to its response to the Viston offer only to add a news release dated April 18, 2022 as an exhibit. The release's contents are not in this filing, and nothing else in the statement changed.
15 Apr 2022business combination● Neutral
Viston's sixth amendment adds a Third Notice of Extension dated April 14, 2022 and a press release of the same date. The Cdn$0.74 cash offer is extended again beyond April 14; the new expiry date is not in the visible text. Shares will not be taken up until more than 50% of shares held by others are tendered and other conditions are met or waived. The offer is still not completed and has now been extended three times.
7 Apr 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 33,552,083 shares on the open market.
6 Apr 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone acquired 45,885 shares and disposed of 25,500 in a set of related equity transactions.
5 Apr 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone sold 71,385 shares.
30 Mar 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 426,100 shares on the open market at $0.32.
29 Mar 2022director interest notice● Neutral
PETROTEQ ENERGY INC. 10%+ owner Anthony J Cantone bought 5,243,619 shares on the open market.
8 Mar 2022capital raising announcement● Neutral
Petroteq reported share issues from January 12 to February 1, 2022 without registration, mostly from warrant exercises at US$0.055 to US$0.12 per share, plus some debt conversions at US$0.094 to US$0.12. It also sold 6,250,000 units at US$0.12 for US$750,000 gross on January 26, each with a warrant at US$0.128 until January 26, 2024; proceeds are meant for Asphalt Ridge extraction technology and working capital. Examples: 20,833,333 shares on one warrant exercise, 8,333,333 on another, and 833,333 shares for a US$100,000 conversion of the July 24, 2021 note. This adds to the share count and continues the dilution already noted; the filing gives no new total.
4 Mar 2022director interest notice● Neutral
Anthony J Cantone became a PETROTEQ ENERGY INC. 10%+ owner and company insider (initial ownership filing).
28 Feb 2022business combination● Neutral
Petroteq filed its fourth amendment to its response to the Viston offer only to add a news release dated February 25, 2022 as an exhibit. The contents of the release are not in this filing, and nothing else changed.
24 Feb 2022business combination● Neutral
Viston's fifth amendment adds a Second Notice of Extension dated February 24, 2022 and a press release of the same date. The Cdn$0.74 cash offer now stays open until 5:00 pm Toronto time on April 14, 2022, instead of February 28. Shares will not be taken up until more than 50% of shares held by others are tendered and other conditions are met or waived. The offer remains uncompleted and the deadline has slipped again; the reason is not in the visible text.
10 Feb 2022business combination● Neutral
Petroteq filed its third amendment to its response to the Viston offer only to add a news release dated February 10, 2022 as an exhibit. The contents of that release are not in this filing, and nothing else in the statement changed.
10 Feb 2022business combination▲ Good
Viston's fourth amendment to its tender filing only adds a February 9, 2022 press release. It says the US antitrust waiting period (Hart-Scott-Rodino) expired February 4, 2022 and the Investment Canada Act initial review lapsed February 3, 2022 with no national security notice. The Cdn$0.74 cash offer is unchanged and still open until 5:00 pm Toronto time on February 28, 2022. The release says Petroteq's board unanimously recommends tendering and that each director intends to tender their own shares (per Viston's release). This clears two regulatory steps but the offer is not completed.
8 Feb 2022director interest notice● Neutral
Michael Hopkinson became a PETROTEQ ENERGY INC. Chief Financial Officer and company insider (initial ownership filing).
8 Feb 2022director interest notice● Neutral
Robert John Chenery became a PETROTEQ ENERGY INC. director and company insider (initial ownership filing).
3 Feb 2022securities registration● Neutral
PETROTEQ ENERGY INC. filed notice of an exempt private placement.
3 Feb 2022securities registration● Neutral
PETROTEQ ENERGY INC. amended a filing by which it filed notice of an exempt private placement.
1 Feb 2022business combination● NeutralMajor
Viston varied and extended its offer by notice dated February 1, 2022: some offer conditions were amended (the visible text does not say which), and the deadline moved from February 7 to 5:00 p.m. Toronto time on February 28, 2022. The price stays at Cdn$0.74 cash per share. Shares will not be taken up until more than 50% of shares held by others are tendered and other conditions are met or waived. The offer is still not completed.
26 Jan 2022business combination● Neutral
Petroteq filed an amendment to its response to the Viston offer only to add two news releases dated January 25 and 26, 2022 as exhibits; their contents are not in this filing. It is now signed by Dr. Vladimir Podlipskiy as Interim CEO, replacing Dr. R. Gerald Bailey who signed earlier filings as Chairman and Interim CEO, so the leadership has changed (the filing does not say why).
19 Jan 2022quarterly activities report▼ Bad
PETROTEQ ENERGY INC. reported a quarterly net loss of $2.5 million for the period ended 2021-11-30.
14 Jan 2022late filing notice▼ Bad
PETROTEQ ENERGY INC. notified the SEC that its quarterly report would be filed late.