Beyond Oil Attracts Strategic Backing with $1.25M Investment
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Jonathan Or, Beyond Oil Co-founder & CEO
Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, is pleased to announce that it has recently received an aggregate of C$1,765,951.25 in proceeds from the exercise of warrants.
A total of 1,412,761 warrants were exercised at a price of C$1.25 per warrant. Investors exercised all Warrants from the private placement closed in October 2023, along with warrants held by Beyond Oil’s Canadian strategic partner, West Coast Reduction Ltd., from a private placement in January 2024. None of the Warrants were subject to acceleration obligations.
Jonathan Or, CEO of Beyond Oil, commented: “Beyond Oil continues to benefit from a strong, supportive shareholder base that shares our long-term vision of disrupting the global food oil industry. We are especially grateful to our Canadian strategic partner, West Coast Reduction, for its ongoing financial backing during this pivotal phase of our global expansion. There is no greater testament to our product and market potential than the financial investment from our distributors and end-user customers. Securing two strategic investments this year from our largest distributors—who are directly bringing our product to market—represents a strong vote of confidence in Beyond Oil and the momentum we are building in the industry.”
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Beyond Oil
Beyond Oil is a food-tech company that developed a groundbreaking preventive healthcare solution for eliminating Acidity from our diet.
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