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Beyond Oil Announces Strategic Investment at a Premium to Market Price by Clal Insurance, a Leading Israeli Institutional Investor, as Part of Potential Uplisting to a Senior Exchange
Beyond Oil has entered a strategic investment agreement with Clal Insurance, a leading Israeli institutional investor, for approximately CAD $10.5 million at a 10% premium to market price. The agreement includes potential follow-on investment through warrants and commits Beyond Oil to pursuing an uplisting to a senior exchange in Canada or the U.S. Clal will acquire 3,000,000 units of Beyond Oil and also purchase previously issued warrants from the Or family for an additional CAD $2.215 million.
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