Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability, announced a successful closing of a private placement for C$10,64 million.
“The successful completion of this strategic investment represents an important moment for Beyond Oil,” said Jonathan Or, CEO of Beyond Oil. “Securing the backing of a major institutional investor like Clal not only validates our technology and business model but also provides us with further capital needed to accelerate our global expansion initiatives. This investment comes at a pivotal time as we continue to gain traction with major food service companies and distributors worldwide.”
The net proceeds of the Offering will be used to expand and support the distribution of the Company’s products as disclosed in the Company’s recent press releases.
As part of the investment agreement, Beyond Oil has committed to using its best efforts to complete an uplisting to a senior exchange in Canada or the United States within the next six months.
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Attached is the link to all the public announcements that have been published, as well as guides in both Hebrew and English:
https://www.beyondoil.co/investor-relations
Have a great week ahead,
Wishing you success and blessings!
