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Petrolia Energy Corporation entered into a General Indemnity Agreement with Argonaut Insurance Company on October 4, 2016, in which Argo, as surety, issued Bond Nos. On August 7, 2017, and September 21, 2017, Argo forwarded written demands to Petrolia, pursuant to paragraph 12 of the GIA, requesting a full and complete release of the Bonds and/or an irrevocable...

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