Beyond Oil Closes Non-Brokered Private Placement
Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) has successfully closed a non-brokered private placement, issuing 1,345,697 shares at C$1.50 per share, raising gross proceeds of C$2,018,551.83. The offering included investments from Fandango Collection & Recycling , the company's exclusive distributor in Israel, as well as from the Chief Technology Officer, employees, and existing shareholders. CEO Jonathan Or highlighted the financing's significant premium compared to a recent offering less than three months ago. The funds will be used for general corporate purposes, supporting Beyond Oil's strategic objectives in the food-tech industry. The company paid C$18,197.37 in finder's fees, and all issued shares are subject to a four-month plus one day hold period.
Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) ha concluso con successo un collocamento privato non intermediato, emettendo 1.345.697 azioni a C$1,50 per azione, per un totale di proventi lordi di C$2.018.551,83. L'offerta ha incluso investimenti da Fandango Collection & Recycling, il distributore esclusivo dell'azienda in Israele, così come dal Chief Technology Officer, dai dipendenti e dagli azionisti esistenti. Il CEO Jonathan Or ha sottolineato il significativo premio del finanziamento rispetto a un'offerta recente di meno di tre mesi fa. I fondi saranno utilizzati per scopi aziendali generali, supportando gli obiettivi strategici di Beyond Oil nell'industria food-tech. L'azienda ha pagato C$18.197,37 in commissioni di intermediazione, e tutte le azioni emesse sono soggette a un periodo di blocco di quattro mesi più un giorno.
Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) ha cerrado con éxito un colocación privada no intermediada, emitiendo 1,345,697 acciones a C$1.50 por acción, recaudando ingresos brutos de C$2,018,551.83. La oferta incluyó inversiones de Fandango Collection & Recycling, el distribuidor exclusivo de la empresa en Israel, así como del Director de Tecnología, empleados y accionistas existentes. El CEO Jonathan Or destacó la significativa prima del financiamiento en comparación con una oferta reciente de hace menos de tres meses. Los fondos se utilizarán para fines corporativos generales, apoyando los objetivos estratégicos de Beyond Oil en la industria food-tech. La empresa pagó C$18,197.37 en comisiones de intermediación, y todas las acciones emitidas están sujetas a un periodo de restricción de cuatro meses más un día.
비욘드 오일 (CSE:BOIL)(OTCQB:BEOLF)는 성공적으로 중개인 없는 사모 펀드를 종료하고, 주당 C$1.50로 1,345,697주를 발행하여 총 C$2,018,551.83의 수익을 올렸습니다. 이 제안에는 이스라엘에 있는 회사의 독점 유통업체인 판단고 컬렉션 & 리사이클링의 투자와 최고 기술 책임자, 직원, 기존 주주의 투자가 포함되었습니다. CEO 조나단 오르는 최근 3개월 이내의 제안에 비해 자금 조달의 상당한 프리미엄을 강조했습니다. 자금은 일반 기업 목적을 위해 사용되며, 비욘드 오일의 식품 기술 산업에서의 전략적 목표를 지원합니다. 이 회사는 C$18,197.37의 중개 수수료를 지급하였으며, 모든 발행 주식은 4개월 + 1일의 보유 기간에 적용됩니다.
Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) a réussi à clôturer une placement privé sans intermédiaire, émettant 1.345.697 actions à 1,50 C$ par action, levant des produits bruts de 2.018.551,83 C$. L'offre comprenait des investissements de Fandango Collection & Recycling, le distributeur exclusif de l'entreprise en Israël, ainsi que du directeur technique, des employés et des actionnaires existants. Le PDG Jonathan Or a souligné la prime significative du financement par rapport à une offre récente de moins de trois mois. Les fonds seront utilisés à des fins corporatives générales, soutenant les objectifs stratégiques de Beyond Oil dans l'industrie de la technologie alimentaire. L'entreprise a payé 18.197,37 C$ en frais d'intermédiaire, et toutes les actions émises sont soumises à une période de blocage de quatre mois plus un jour.
Beyond Oil (CSE:BOIL)(OTCQB:BEOLF) hat erfolgreich eine nicht vermittelte Privatplatzierung abgeschlossen, bei der 1.345.697 Aktien zu je 1,50 C$ ausgegeben wurden, was Bruttoeinnahmen von 2.018.551,83 C$ einbrachte. Bei dem Angebot waren Investitionen von Fandango Collection & Recycling beteiligt, dem exklusiven Distributor des Unternehmens in Israel, sowie von dem Chief Technology Officer, Mitarbeitern und bestehenden Aktionären. CEO Jonathan Or hob die signifikante Prämie der Finanzierung im Vergleich zu einem kürzlich erfolgten Angebot vor weniger als drei Monaten hervor. Die Mittel werden für allgemeine Unternehmenszwecke verwendet, um die strategischen Ziele von Beyond Oil in der Lebensmitteltechnologie-Industrie zu unterstützen. Das Unternehmen zahlte 18.197,37 C$ an Vermittlungsgebühren, und alle ausgegebenen Aktien unterliegen einer Sperrfrist von vier Monaten plus einem Tag.
- Raised C$2,018,551.83 in gross proceeds through private placement
- Shares priced at C$1.50, a significant premium to recent financing
- Investment from key stakeholders including distributor, employees, and customers
- Strengthened financial position for strategic objectives and growth initiatives
- None.
VANCOUVER, BC and KIBBUTZ YIFAT, ISRAEL / ACCESSWIRE / September 16, 2024 / Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) ("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, further to the news release dated August 30, 2024, it has closed its non-brokered private placement (the "Offering").
The Company issued 1,345,697 shares (each, a "Share") at a price of C
Beyond Oil secured a lead order in the Offering from Fandango Collection & Recycling Ltd. ("Fandango"), its exclusive distributor in Israel, as well as investments from our Chief Technology Officer, Company employees and their families, existing shareholders, restaurant owners and personnel who use the Beyond Oil product.
Jonathan Or, CEO of Beyond Oil, comments: "We are pleased to have closed a financing at a significant premium to the recent financing that closed less than three months ago, and again, with investments from customers, our distributor in Israel and Company employees and their families. It is a great testament to our product when customers directly invest in the company and we are pleased to be creating value for all of our loyal investors."
This successful funding further positions Beyond Oil for its strategic objectives, contributing to its ongoing innovation and growth initiatives in the food-tech industry. The net proceeds raised from the Offering will be used for general corporate purposes.
The Company has paid finder's fees to eligible persons in connection with certain investments the Offering, comprised of aggregate cash payments of C
About Beyond Oil Ltd.
Beyond Oil Ltd. is an innovative food tech company in the health sector, with over 15 years dedicated to game-changing solutions that mitigate cancer and cardiovascular risks in fried and processed foods consumed in our day-to-day lives. Beyond Oil provides a disruptive solution for food-processing and food-service companies striving to produce & serve healthier food, increase sustainability, while saving their costs. For more information, visit our website at: www.beyondoil.co.
Contacts
Jonathan Or
CEO of Beyond Oil
info@beyondoil.co
Caroline Sawamoto
Investor Relations
1-647-691-9801
ir@beyondoil.co
Forward Looking Statement and Information
The Canadian Securities Exchange has in no way passed upon the merits of the Company and has neither approved nor disapproved the contents of this press release. Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release contains "forward-looking statements" within the meaning of the securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. In addition, we cannot assure that any patent will be issued as a result of a pending patent application or, if issued, whether it will be issued in a form that will be advantageous to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company's reports filed from time to time at sedarplus.ca. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. The Company is not responsible for the contents of third-party websites.
SOURCE: Beyond Oil Ltd.
View the original press release on accesswire.com
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