Exhibit (a)(1)(iv)
Offer to Purchase
All of the Issued and
Outstanding Common Shares
of
PETROTEQ ENERGY INC.
by
2869889 ONTARIO INC.,
an indirect,
wholly-owned subsidiary of
VISTON UNITED SWISS AG
at
a price of C$0.74 in cash per Common
Share
Pursuant to the Offer to Purchase dated October 25, 2021
THE OFFER IS OPEN FOR ACCEPTANCE UNTIL 5:00 PM, TORONTO TIME, ON FEBRUARY 7, 2022 (THE “EXPIRY TIME”), UNLESS THE OFFER IS EXTENDED,
ACCELERATED OR WITHDRAWN BY THE OFFEROR IN ACCORDANCE WITH ITS TERMS.
October 25, 2021
To Brokers, Dealers, Commercial Banks, Trust Companies and other Nominees:
We have been engaged by 2869889 Ontario Inc. (the “Offeror”), a corporation incorporated under the Business
Corporations Act (Ontario) (the “OBCA”) and an indirect, wholly-owned subsidiary of Viston United Swiss AG (“Viston”), a Swiss company established under the laws of Switzerland, to act as the Depositary and
Information Agent in connection with the Offeror’s offer (the “Offer”) to purchase all of the issued and outstanding common shares (the “Common Shares”) of Petroteq Energy Inc. (“Petroteq”), a
corporation existing under the OBCA, at a purchase price of C$0.74 per Common Share, upon the terms and subject to the conditions set forth in the offer to purchase and related take-over bid circular dated October 25, 2021 (the “Offer
to Purchase and Circular”) and the letter of transmittal (the “Letter of Transmittal”) and the notice of guaranteed delivery (the “Notice of Guaranteed Delivery”) accompanying the Offer to Purchase and
Circular (collectively, the “Offer Documents”) enclosed herewith. Please furnish copies of the enclosed materials to those of your clients for whom you hold Common Shares registered in your name or in the name of your nominee.
The Offer is being made in Canadian dollars, but Petroteq shareholders may elect to receive consideration in U.S. dollars. The Offer
is not subject to any financing condition. The conditions of the Offer are described in Section 4 of the Offer to Purchase.
For your information and for forwarding to your clients for whom you hold Common Shares registered in your name or in the name of your
nominee, we are enclosing the following documents:
| |
1. |
The Offer to Purchase and Circular; |
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2. |
The Letter of Transmittal for your use in accepting the Offer and tendering Common Shares and for the information of
your clients |
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3. |
A Notice of Guaranteed Delivery to be used to accept the Offer if the Common Shares and all other required documents
cannot be delivered by mail or overnight courier to the Depositary by the Expiry Time or if the procedure for book-entry transfer cannot be completed by the Expiry Time; and |
| |
4. |
A form of letter which may be sent to your clients for whose accounts you hold Common Shares registered in your name
or in the name of your nominee, with space provided for obtaining such clients’ instructions with regard to the Offer. |
