PQEFF INVESTOR ALERT: Rosen Law Firm Encourages Petroteq Energy Inc. Investors with Losses to Inquire About Class Action Investigation – PQEFF

WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Petroteq Energy Inc. (OTC: PQEFF) resulting from allegations that Petroteq may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Petroteq securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to http://www.rosenlegal.com/cases-register-2128.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.

WHAT IS THIS ABOUT: The investigation focuses on whether Petroteq issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Petroteq issued a press release after the market closed on July 16, 2021, titled: "Petroteq Announces Expected Late Filing of Financial Statements and Application for Management Cease Trade Order; Cautions Against Reliance on Certain Previously-Issued Financial Statements." Among other statements in the press release, Petroteq disclosed that certain financial statements from 2018 through 2021 could not be relied on, and would be the subject of restatements. Petroteq added: "the Company will be unable to file its quarterly report on Form 10-Q (and related certifications) for the period ended May 31, 2021...until it has completed the planned restatements..., which is anticipated to take several weeks-well beyond the extended filing deadline of July 20, 2021." Based on this news, shares of Petroteq fell on July 19, 2021.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

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