VANCOUVER, BC and KIBBUTZ YIFAT, Israel, May 21, 2025 - Beyond Oil Ltd. (CSE: BOIL) (OTCQB: BEOLF) (Frankfurt: UH9), a food-tech innovation company, has successfully closed a brokered private placement for gross proceeds of C$10,641,615.60 [1][2][3][4].

The offering, initially announced on March 12, 2025, was led by Clal Insurance Company Ltd., a subsidiary of Clal Insurance Enterprises Holdings Ltd., one of Israel's largest institutional investors, along with an Israeli-based investment fund [1][2][3][4]. Both Clal and the investment fund are arm's length third parties to Beyond Oil.

Beyond Oil, headquartered in Vancouver with operations in Kibbutz Yifat, Israel, focuses on reducing health risks associated with fried food while also lowering operational costs, minimizing waste, and enhancing sustainability in the food industry [1][2][3][4].

Research Capital Corporation acted as the sole agent and bookrunner for the offering [1][2][3][4]. The successful completion of this private placement marks a significant milestone for Beyond Oil, potentially accelerating its growth and expansion plans in the food-tech sector.

This development highlights the increasing interest of institutional investors in innovative food technology companies, particularly those addressing health and sustainability concerns. It also underscores the growing connections between North American and Israeli tech ecosystems in the food innovation space.

The closing of this private placement may have implications for the broader food-tech industry, signaling continued investor confidence in companies working to improve food production processes and reduce health risks associated with popular food items.