Strategic Investment and Placement Announcement by Beyond Oil
Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9), an innovative food-tech company, is excited to share significant updates regarding its recent brokered private placement. This initiative is being led by Clal Financial Management—an important Israeli institutional investor aiming to bolster Beyond Oil’s market presence and facilitate a possible uplisting to a senior exchange.
Details of the Brokered Private Placement
Research Capital Corporation is acting as the sole agent for this private placement, which aims to sell up to 3,100,000 units of Beyond Oil at a notable price of CAD$3.498 per unit. The anticipated gross proceeds from this offering are estimated to be around CAD$10.85 million. This private placement was foreseen in an earlier announcement and is now becoming a vital part of Beyond Oil's strategy to enhance its operations.
Insight into Clal Financial Management's Role
Under a strategic investment agreement, Clal Financial Management is committing CAD$10.5 million as a part of the ongoing offering. Clal is recognized as one of Israel's largest institutional investors, and this partnership marks a significant step forward for Beyond Oil. Importantly, Clal operates independently from the company, ensuring an arm’s length relationship that promotes objective investment.
Structure of the Offering
Each unit offered in this placement comprises:
- One common share in the capital of Beyond Oil.
- One-half of a Series A Warrant, which grants the holder the option to purchase one additional common share at CAD$6.00 until March 12, 2027.
- One-half of a Series B Warrant, allowing the purchase of one additional common share at CAD$7.75 until March 12, 2028.
Next Steps for Beyond Oil
The closing date for the offering is expected to be around April 29, 2025, contingent upon the approval of the Canadian Securities Exchange and standard conditions associated with Canadian private placements. Proceeds from the offering will primarily be utilized to expand the distribution of Beyond Oil's innovative products, promoting sustainability and health safety.
Uplisting Potential on the Horizon
A notable component of the strategic agreement with Clal is Beyond Oil’s commitment to pursue an uplisting to a senior exchange within the next six months. This move is aimed at enhancing visibility and access to capital, further supporting its growth trajectory and market leadership ambitions.
Health and Sustainability Focus of Beyond Oil
For over 15 years, Beyond Oil Ltd. has entrenched itself as a leader in the food-tech sector, innovating solutions to reduce health risks related to frying while promoting sustainability. With the goal of protecting public health by significantly lowering harmful compounds found in frying oil, Beyond Oil addresses concerns related to the reuse of oil—a common practice in many food service industries.
Beyond Oil’s advanced technology not only enhances food safety—potentially combating serious health issues like cardiovascular diseases and cancer linked to reused oils—but also contributes positively by reducing overall operational costs and environmental impacts. The core of its business model revolves around partnerships with restaurants, catering services, and institutional kitchens that prioritize health-conscious and sustainable practices.
Research and Efficacy
The effectiveness of Beyond Oil’s patented technology has been supported by extensive research, demonstrating its value in promoting quality food production while minimizing waste. By advocating for safer cooking methods, Beyond Oil stands at the forefront of change in the food service industry.
Company Contact Information
For more inquiries about Beyond Oil, individuals can reach out to:
Beyond Oil Ltd.
Jonathan Or
CEO and Co-founder
Phone: +972 52-601-0680
Email: info@beyondoil.co
ARX | Capital Markets Advisors
North American Equities Desk
Email: beyondoil@arxadvisory.com
Frequently Asked Questions
What is Beyond Oil's main focus?
Beyond Oil is dedicated to reducing health risks associated with fried food while promoting sustainability in the food service sector.
Who is managing the recent brokered private placement?
Research Capital Corporation is serving as the sole agent and bookrunner for the private placement.
What investment is Clal Financial Management making?
Clal Financial Management is investing CAD$10.5 million as part of the strategic agreement with Beyond Oil.
What is the expected closing date for the offering?
The offering is expected to close on or about April 29, 2025.
How does Beyond Oil contribute to sustainability?
Beyond Oil's technology reduces harmful compounds in frying oil, improving food safety while lowering operational costs and minimizing waste.
