Petroteq Energy Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Derivative Liability (Tables)

Derivative Liability (Tables)

6 Months Ended

Feb. 29, 2020

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Black-Scholes valuation model

	Six months ended February 29, 2020
Conversion price		CAD$0.095 to CAD$0.25
Risk free interest rate		1.38 to 2.12%
Expected life of derivative liability		6 to 9 months
Expected volatility of underlying stock		93.9 to 108.7%
Expected dividend rate		0%

Schedule of derivative liability

	February 29, 2020

Opening balance	$	-
Derivative financial liability arising from convertible notes		358,853
Fair value adjustment to derivative liability		659,885
	$	1,018,738

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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+ Details