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Beyond Oil announces positive voting results from its annual and special meeting of shareholders. The meeting, held on April 25, 2024, saw 54.83% of outstanding shares represented. Shareholders approved key items including setting the number of directors, appointing an auditor, amending equity plans, and extending warrant expiry dates.
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Beyond Oil , a food-tech innovation company, will host its annual general and special meeting of shareholders on April 25, 2024. The Meeting agenda includes electing directors, appointing an auditor, and approving various amendments. The Company provides additional information on regulatory exemptions and disinterested shareholder approval concerning the Deferred Purchase Price Agreement and Subco Warrants.
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Beyond Oil (BEOLF) receives recognition for food-tech innovation at the 9th Annual Restaurant Summit and Food Conference in Israel. The company's revolutionary solution extends the life of frying oil, reducing costs, waste, and health risks. Beyond Oil's product was voted as the most innovative food-tech solution, contributing significantly to public health in Israel.
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Beyond Oil ships its high-quality product to West Coast Reduction , marking a significant milestone in their strategic partnership. The shipment is part of a distribution agreement, showcasing the company's innovative food-tech solutions aimed at extending the life of frying oil, reducing costs, waste, and health risks.
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Beyond Oil Ltd. (BEOLF) raised C$2,635,642.50 at C$0.75 per unit in the offering, issuing 3,514,190 units. The company secured a lead order from West Coast Reduction Ltd. The net proceeds will be used for general corporate purposes and to support innovation and growth initiatives. The board approved the grant of options to acquire 1,123,294 shares. The product extends the usable life of frying oil, is patent-protected, and has received regulatory approvals from the US FDA, Health Canada, and NSF. The product integrates into existing filtration systems to improve product quality and reduce costs for quick-service restaurants.
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Beyond Oil Ltd. and West Coast Reduction Ltd. have entered into a Strategic Opportunities & Distribution Agreement, granting WCRL exclusive rights to distribute Beyond Oil's products in Canada and Washington State, with the potential for expansion into other sub-sectors of the food oil industry. The agreement also includes joint research and development programs and the possibility of WCRL manufacturing the products in North America. This collaboration is expected to drive Beyond Oil's growth in North America and establish the company as a global leader in the food oil industry.
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Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) announces the appointment of Michael Nemirow as a Strategic Advisor to strengthen the Company's expansion in North America. Mr. Nemirow brings a wealth of experience from his previous role as CEO of Greenstar Plant Products, Inc., where he successfully led and scaled the business, setting a new strategic direction and orchestrating an acquisition. His expertise in distribution, sales, strategic scaling, and manufacturing will be invaluable in driving Beyond Oil to new heights.
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Beyond Oil Ltd. (CSE:BOIL)(OTCQB:BEOLF) is a food-tech innovation company extending the life of frying oil while reducing costs, waste, and health risks. The company has achieved significant milestones in 2023, including commercializing its product for the food service industry, penetrating the market, and gaining interest from global food chains and potential strategic distributors. Beyond Oil's product has shown substantial health benefits, sustainability impact, and potential cost-savings for the food industry. The company has also made progress in the industrial frying market and has received credible health reports and intellectual property protection. Additionally, Beyond Oil has closed the first tranche of a non-brokered private placement financing of units, with plans to close the remainder in the near future.
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Beyond Oil's innovative solution contributes to improving public health by reducing morbidity and mortality from cancers caused by exposure to frying fumes.
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Beyond Oil Ltd. to raise up to US$2.0 million in unit offering
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