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)

9 Months Ended

May 31, 2021

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Black-Scholes valuation model

	Nine months ended May 31, 2021
Conversion price		CAD$0.0375 to CAD$0.06
Risk free interest rate		0.04 to 0.21	%
Expected life of derivative liability		6 to 12 months
Expected volatility of underlying stock		106.5% to 174.9	%
Expected dividend rate		0	%

Schedule of derivative liability

	May 31, 2021		August 31, 2020

Opening balance	$	841,385	$	-
Derivative financial liability arising from convertible notes		452,799		653,984
Fair value adjustment to derivative liability		1,292,169		187,401
	$	2,586,353	$	841,385

- 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