French (450) 766-0861 jccaron@squatex.com Business Exploration territory Media Investors Press Releases / Blog Contact Home Communicated SQUATEX'S CLAIM AGAINST THE GOVERNMENT SQUATEX'S CLAIM AGAINST THE GOVERNMENT December 1, 2019 Uncategorized Brossard (Quebec), October 30, 2019 - (CNSX: SQX) - The management of Ressources & Énergie Squatex Inc. (Squatex), together with its partner Petrolympic Inc. (Petrolympic) announces that, through its attorneys, a lawsuit against the Government of Quebec has been filed in the Superior Court, judicial district of Quebec. Through this procedure, Squatex and its partner are claiming from the Minister of Energy and Natural Resources the return of the annual rights that he has received without rights since 2011, in connection with the hydrocarbon exploration licenses they have held since. September 1, 2009. In fact, the license validity period has been suspended since the entry into force of the Law limiting oil and gas activities on June 13, 2011, so that the annual fees were not and still are not payable. As these continued to be collected by the Minister, on pain in particular of revocation of licenses, Squatex and its partner are now demanding the return of the sums paid, plus interest. Squatex also wishes to inform its shareholders, by means of this press release, that other legal proceedings could be envisaged against the Government in order to ensure that its rights are respected. In fact, government and ministerial action in recent years has greatly harmed oil and gas exploration and exploitation activities in Quebec by reducing the ability to obtain financing on the markets. Squatex stock is currently abnormally low as a result. About Squatex Resources & Energy Inc. Ressources & Énergie Squatex Inc. (Squatex; CNSX: SQX) is a Quebec junior oil and gas exploration company founded by Mr. Jean-Claude Caron in 2001 whose head office is located at 7055 Boul. Taschereau, bureau 500, Brossard (Quebec) J4Z 1A7. The main activity of the company, as an operator, is to carry out works and studies aiming at the evaluation of the oil and gas potential of a territory of 656,093 hectares (ha) under exploration permit (70 % Net). Squatex holds 224,933 ha of exploration permits in the St. Lawrence Lowlands and 431,160 ha of permits in the Bas-Saint-Laurent. Squatex also owns a 28% net interest in 8,000 ha under another affermage agreement in the St. Lawrence Lowlands. Forward-looking statements Certaines déclarations peuvent ici constituer des énoncés prospectifs. Ces déclarations se rapportent à des événements futurs ou au rendement financier futur de Squatex et impliquent des risques, incertitudes et autres facteurs connus et inconnus qui pourraient modifier de manière appréciable leurs résultats, rendements ou réalisations par rapport à ce qui est exprimé ou suggéré par les déclarations de Squatex. Les événements ou résultats réels pourraient différer. Par conséquent, la décision d’investir dans des titres et dans Squatex ne devrait en aucun temps être basée sur ces énoncés. Squatex décline toute intention ainsi que toute obligation de mettre à jour ses énoncés. SOURCE : Ressource et Énergie Squatex Inc Renseignements : M. Jean-Claude Caron, président, 450-766-0861. www.squatex.com Désolé, les commentaires sont fermés pour cet article. Facebook Twitter Tweets by Squatex_R_E Articles SQUATEX'S CLAIM AGAINST THE GOVERNMENT December 1, 2019 What is Squatex's particular vision for the development of hydrocarbons in Quebec? April 22, 2019 Contact (450) 766-0861 jccaron@squatex.com 7055, boul. Taschereau, bureau 500 Brossard Quebec J4Z 1A7 CANADA Shares - Shares Loading stock data ... Follow us - Follow us Squatex Energy & Resources Inc. © 2015 French English ( English )