Sky Quarry Inc. Subsidiary Foreland Refining Corporation Completes $416,700 Preferred Stock Offering
Sky Quarry Inc.'s wholly-owned subsidiary, Foreland Refining Corporation, has completed the sale of 1,182 shares of its Series A 10% Redeemable Preferred Stock, raising $416,700 to date from the sale of 4,167 shares as part of an ongoing Reg CF Offering. Foreland is offering up to $1,235,000 of Preferred Stock at $100 per share, which includes a 10% annual dividend and a royalty payment based on crude oil refined and sold. The Preferred Stock is not convertible and carries no voting rights.
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