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Beyond Oil Provides Further Update on Continuance from the Province of British Columbia to the Province of Ontario
Globenewswire· 2026-03-23 20:12
Core Viewpoint - Beyond Oil Ltd. is facing potential delays in filing its annual financial statements due to administrative issues related to its continuance from British Columbia to Ontario, which may lead to a management cease trade order [1][2][3]. Group 1: Company Updates - The shareholders of Beyond Oil overwhelmingly approved the continuance on March 12, 2026, and the company began the necessary administrative steps immediately after [2]. - Administrative delays at the British Columbia Registry Services, caused by recent labor disruptions, have hindered the processing of required documentation for the continuance [2][3]. - The company anticipates that the filing of its audited annual financial statements and related materials for the year ended December 31, 2025, may be delayed beyond the March 31, 2026, deadline [3]. Group 2: Management Cease Trade Order (MCTO) - Beyond Oil has applied for a management cease trade order (MCTO) from the British Columbia Securities Commission due to the anticipated default in filing the Annual Materials [5]. - If granted, the MCTO will restrict the company's CEO and CFO from trading in the company's securities until the Annual Materials are filed [5]. - The MCTO does not affect non-insider shareholders' ability to trade their securities [6]. Group 3: Communication and Compliance - The company plans to adhere to the Alternative Information Guidelines, issuing bi-weekly default status reports while in default, which will be available on its SEDAR+ profile [7]. - A news release will be issued once the Annual Materials are completed and filed [7]. Group 4: Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food, lowering operational costs, minimizing waste, and enhancing sustainability [1][8]. - The company's patented technology significantly reduces harmful compounds in frying oil, addressing health concerns linked to reused oil in various food service settings [8].
Beyond Oil to Present at The Benchmark Company’s Upcoming Discovery One-on-One Investor Conference in New York City
Globenewswire· 2025-12-02 13:30
Company Overview - Beyond Oil Ltd. is a food-tech innovation company focused on reducing health risks associated with fried food while lowering operational costs, minimizing waste, and enhancing sustainability [5] - The company has over 15 years of experience in creating solutions that mitigate health risks, improve sustainability, and reduce costs for food service companies [5] - Beyond Oil's patented technology has received regulatory clearances from the FDA and Health Canada, significantly reducing harmful compounds in frying oil [5] Health and Environmental Impact - The company's solution addresses the widespread practice of reusing frying oil, which is common in various food service settings, including restaurants, hotels, and institutions [5] - Research indicates that reused frying oil is linked to health risks such as cancer and cardiovascular diseases, and Beyond Oil's product aims to mitigate these risks [5] - Additional benefits of Beyond Oil's product include improved food quality, operational cost savings, and reduced environmental impact [5] Upcoming Events - Beyond Oil will present at The Benchmark Company's 14th Annual Discovery One-on-One Investor Conference on December 4, 2025, in New York City [1] - The conference provides a platform for emerging growth companies to engage with institutional and individual investors through one-on-one meetings [2]