Beyond Oil Provides Further Update on Continuance from the Province of British Columbia to the Province of Ontario and Relating Filings
Rhea-AI Summary
Beyond Oil (TSX: BOIL, OTCQB: BEOLF) announced that the British Columbia Securities Commission granted a management cease trade order (MCTO) on April 1, 2026 due to a delay in filing its Annual Filings for the year ended December 31, 2025.
The delay stems from labour disruptions that slowed final documentation for the company's continuance from British Columbia to Ontario. The MCTO restricts the CEO and CFO from trading while Annual Filings remain outstanding. The company will file bi-weekly default status reports under National Policy 12-203 and will issue a release when the Annual Filings are completed.
Positive
- MCTO limited to CEO and CFO trading restrictions
- Company will issue bi-weekly default status reports under National Policy 12-203
- Shareholders who are not insiders remain free to trade
Negative
- Delay in filing Annual Filings for year ended Dec 31, 2025
- Continuance from British Columbia to Ontario delayed by labour disruptions
- MCTO granted on Apr 1, 2026, restricting management securities transactions
News Market Reaction – BEOLF
In the Apr 2 session, BEOLF gained 1.25%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Company Obtains Management Cease Trade Order Relating to Administrative Delay in Processing Continuance Which May Delay Annual Filings
VANCOUVER, British Columbia, April 01, 2026 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (TSX: 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, today provides an update, following the news release dated March 23, 2026, that further to its application to the British Columbia Securities Commission (“BCSC”) for a management cease trade order (“MCTO”) to be imposed in respect of its delay in filing its annual information form, audited annual financial statements and management’s discussion and analysis, all for the year ended December 31, 2025 (collectively, the “Annual Filings”), the BCSC has today granted the MCTO.
The delay in making the Annual Filings is a result of recent labour disruptions affecting certain public employees in British Columbia, which has resulted in delays in obtaining final documentation for the Company’s continuance from British Columbia to Ontario.
The MCTO prohibits the chief executive officer and the chief financial officer of the Company from trading in securities of the Company for so long as the Annual Filings are not filed, including the disposition or acquisition of securities of the Company under any automatic plan. During this period, the Company has undertaken not to, directly or indirectly, issue or acquire securities from an insider or employee of the Company.
The MCTO does not affect the ability of any shareholders who are not insiders of the Company to trade their securities of the Company.
The Company will issue a news release announcing completion of filing of the Annual Filings at such time as they are completed and filed. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in under National Policy 12-203 – Management Cease Trade Orders, including issuing bi-weekly default status reports by way of news releases, which will be filed on SEDAR+.
BOIL continues to work toward completing the filings as soon as practicable.
About Beyond Oil Ltd.
Beyond Oil Ltd. is a food-tech innovation company dedicated to creating solutions that mitigate health risks, reduce costs for food service companies and improve sustainability. The Company’s patented technology, with regulatory clearances from the FDA and Health Canada, significantly reduces harmful compounds in frying oil, addressing critical health concerns. Beyond Oil’s solution tackles a global issue in the food industry: the widespread practice of reusing frying oil for hundreds of cycles across several days. This practice is common in restaurant kitchens, hotels, catering services, banquet halls, fried food manufacturing plants, and institutions such as schools and military facilities. Beyond Oil’s product is backed by extensive research which has highlighted its value in health risks associated with reused oil, including links to cancer and cardiovascular diseases. Beyond Oil provides an effective means to mitigate these risks while offering additional benefits such as improved food quality, operational cost savings, and reduced environmental impact. For more information about Beyond Oil, please visit www.beyondoil.co.
Forward-Looking Statements and Information
This news release contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which reflect Beyond Oil Ltd.’s current views with respect to, among other things, its operations and financial performance (collectively, “forward-looking statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results, events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions of Beyond Oil Ltd. are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”, “anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”, “intend”, “plan”, “seek”, “strive”, “will”, “may” and “should” and similar expressions.
Although Beyond Oil Ltd., believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and uncertainties, which are described from time to time in our documents filed with the securities regulators in the USA and Canada, certain factors, not presently known to Beyond Oil Ltd., or that Beyond Oil Ltd., currently believes are not material, could cause actual results to differ materially from those contemplated or implied by forward-looking statements.
Readers are urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us as of the date of this news release. Except as required by law, Beyond Oil Ltd., undertakes no obligation to publicly update or revise any forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.
Contacts:
Beyond Oil Ltd.
Adi Olesker, VP of Investor Relations
Phone: +972-50-694-2517
adio@beyondoil.co
ICR, LLC.
Reed Anderson
Michael Wolfe
Phone: 646-277-1260
BeyondOil@icrinc.com
67983321.2
