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BiOasis Board Resigns Amid Financial Turmoil
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BiOasis Board Resigns Amid Financial Turmoil

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biOasis Technologies (TSE:BTI.H) has released an update.

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BiOasis Technologies Inc. has announced the resignation of its entire board of directors amid ongoing financial struggles, including exhaustion of cash resources and defaults on obligations to secured lenders. Despite efforts to explore strategic alternatives such as asset sales or mergers since suspending operations in June 2023, the company has not succeeded in finding actionable transactions.

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