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Beyond Oil Ltd ( (TSE:BOIL) ) just unveiled an announcement.
Beyond Oil Ltd. has announced a strategic investment agreement with Clal Financial Management, a subsidiary of Clal Insurance Enterprises Holdings Ltd., for approximately CAD $10.5 million at a 10% premium to its market price. This investment is part of Beyond Oil’s potential uplisting to a senior exchange in Canada or the U.S., and it includes the possibility of further investment through the exercise of warrants, which could significantly impact the company’s market position and stakeholder interests.
More about Beyond Oil Ltd
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.
YTD Price Performance: 116.33%
Average Trading Volume: 116,874
Technical Sentiment Consensus Rating: Sell
Find detailed analytics on BOIL stock on TipRanks’ Stock Analysis page.