Beyond Oil Closes Non-Brokered Private Placement

Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF), a food-tech innovation company, has announced the closing of its non-brokered private placement. The company issued 1,345,697 shares at C$1.50 per share, raising gross proceeds of C$2,018,551.83. The lead order was secured from Fandango Collection & Recycling Ltd., Beyond Oil's exclusive distributor in Israel. Additional investments came from the Chief Technology Officer, employees, existing shareholders, and restaurant owners using Beyond Oil products.

CEO Jonathan Or expressed satisfaction with attracting investments at a premium to the previous financing round. He emphasized the value created for loyal investors through customer and distributor investments. The funds raised will support Beyond Oil's strategic goals and innovation in the food-tech sector. A hold period of four months plus one day applies to the issued shares.