SEC – Administrative Proceeding (File No. 3-20724) – Petrolia Energy Corporation
Washington, DC (STL.News) The U.S. Securities and Exchange Commission (SEC) filed for an Administrative Proceeding (File No. 3-20724) against Petrolia Energy Corporation (Company), Respondent, on January 28, 2022, for an Order Instituting Administrative Proceedings and Notice of Hearing Pursuant to Section 12(j) of the Securities Exchange Act of 1934.
SEC alleges that the Company is an active Texas corporation located in Houston, Texas, with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). The Company is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-Q for the period ended September 30, 2020, which reported a net loss of $6,495,504 for the prior nine months. As of January 10, 2022, unsolicited quotations for the common stock of BBLS were quoted on OTC Link operated by OTC Markets Group, Inc.
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