Beyond Oil Ltd. Launches C$2.5M Private Placement

Beyond Oil Ltd (TSE:BOIL) has released an update.

Beyond Oil Ltd., a health-oriented food-tech company, has announced a non-brokered private placement aiming to raise C$2.5 million by offering units at C$1.05 each, which will include common shares and share purchase warrants. Proceeds from this private placement are intended for general corporate purposes. The offering includes a possible 6% cash commission and additional warrants for eligible participants, with a four-month holding period for the securities issued.

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