Beyond Oil announces strategic investment from Clal Financial Management, potential growth opportunity.

From GlobeNewswire: 2025-03-12 12:08:00

Beyond Oil Ltd. announces a strategic investment agreement with Clal Financial Management, with Clal investing CAD $10,494,000 to acquire 3,000,000 units of Beyond Oil at an issue price of CAD $3.498 per unit. This investment could potentially increase to CAD $21 million if all warrants are exercised. The Gross Proceeds will be used to expand product distribution. Additionally, Beyond Oil commits to an uplisting to a senior exchange within six months. CEO Jonathan Or expresses excitement over the strategic investment and looks forward to leveraging it for growth. (Word count: 73)

Clal Financial Management, a subsidiary of Clal Insurance Enterprises Holdings Ltd., is a major institutional investor in Israel with over NIS 361 billion in assets. The company provides various financial services and has a 15% market share in Israel’s insurance sector. Clal’s investment in Beyond Oil reflects confidence in the company’s vision and technology. The investment includes acquiring previously issued warrants from the Or family, providing additional cash for Beyond Oil. Beyond Oil is committed to uplisting to a senior exchange in the near future. (Word count: 70)



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