SHERMAN OAKS, CA / ACCESSWIRE / June 4, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE) (OTC:PQEFF) (FSE:PQCF), an integrated oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announces the execution of debt conversion agreements with two arm's length lenders wherein the lenders will accept an aggregate of 1,388,897 common shares of the Company at a deemed price of US$0.