Beyond Oil Ltd (TSE:BOIL) has released an update.
Beyond Oil Ltd. is set to issue up to 1.8 million common shares at C$1.50 each, aiming to raise C$2.7 million for general corporate purposes. The non-brokered private placement may include a 6% cash commission for certain participants and will be subject to a four-month hold period as well as necessary regulatory approvals.
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