Core Viewpoint - Beyond Oil Ltd. successfully closed a brokered private placement, raising gross proceeds of C$10,641,615.60, which will be used to support global expansion initiatives and enhance product distribution [1][3]. Group 1: Investment Details - The private placement was led by Clal Insurance Company Ltd., a major institutional investor in Israel, along with an Israeli-based investment fund [2]. - A total of 3,042,200 units were issued at a price of C$3.498 per unit, with each unit consisting of one common share and warrants [3][9]. - The company paid aggregate cash compensation of C$224,641.56 in connection with the offering [4]. Group 2: Strategic Implications - The investment from Clal validates Beyond Oil's technology and business model, providing necessary capital for expansion [3]. - Beyond Oil has committed to completing an uplisting to a senior exchange in Canada or the United States within the next six months [6]. Group 3: Company Overview - Beyond Oil Ltd. focuses on food-tech innovations aimed at reducing health risks associated with fried food, improving sustainability, and lowering operational costs [1][7]. - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil in various food service settings [7].

Core Insights - Beyond Oil Ltd. has received C$2.166 million from the exercise of 1,836,766 warrants by the Or family, contributing to a total of C$7,007,043.12 in warrant exercise proceeds since January 1, 2025 [1][3] - Clal Financial Management has purchased the resulting common shares from the Or family at C$3.498 per share, totaling C$6,421,509.47 [2] - The company expects to close a brokered private placement of up to C$10.85 million, led by Clal, by May 20, 2025 [3] Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while enhancing sustainability and lowering operational costs [4] - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused frying oil, which is common in various food service settings [4] - Beyond Oil's solutions aim to mitigate health risks, improve food quality, and reduce environmental impact, backed by extensive research [4]

Agreement with Global Foods Marks Company's Initial Entry into Greek Market with Plans to Expand Collaboration in the FutureVANCOUVER, BC and KIBBUTZ YIFAT, Israel, May 02, 2025 (GLOBE NEWSWIRE) -- 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 signed a di ...

Core Insights - Beyond Oil Ltd. has raised C$4,497,304.66 from the exercise of 3,399,271 warrants since January 1, 2025, indicating strong investor confidence and support for the company's growth strategy [1][3] - The company is expanding its global presence through new distribution agreements and product shipments, with a focus on international markets [2] - Beyond Oil has secured Burger King Israel as an official customer following a successful pilot program, although this does not grant exclusivity with Restaurant Brands International [4][5] Financial Position - The recent warrant exercises, combined with C$1.77 million raised from previous exercises, enhance the company's financial position for further expansion [3] Team Expansion - Beyond Oil has expanded its US team by adding four new members with industry-specific experience, which is expected to enhance the company's market penetration and pilot launches [6] Product and Technology - Beyond Oil's patented technology aims to reduce health risks associated with reused frying oil, addressing significant health concerns linked to cancer and cardiovascular diseases [7] - The company's solutions also focus on improving food quality, reducing operational costs, and minimizing environmental impact [7]

Core Insights - Beyond Oil Ltd. has successfully raised C$4,497,304.66 from the exercise of 3,399,271 warrants, indicating strong investor confidence and financial support for its global growth strategy [1][2][3] Financial Performance - The proceeds from the warrant exercises will bolster the company's financial position and support its expansion efforts, which have included new distribution agreements and product shipments [2][3] Business Development - Beyond Oil has secured Burger King Israel as an official customer following a successful pilot program, although this does not grant an exclusive agreement with Restaurant Brands International [4][5] - The company has expanded its US team by adding four members with significant industry experience, enhancing its operational capabilities and market penetration efforts [6] Product and Technology - Beyond Oil focuses on reducing health risks associated with reused frying oil, which is prevalent in the food service industry, and its patented technology has received regulatory clearances from the FDA and Health Canada [7]