Business
Beyond Oil Provides Further Update on Continuance from the Province of British Columbia to the Province of Ontario
VANCOUVER, British Columbia, March 23, 2026 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (TSX: BOIL) (OT...
About this update from Beyond Oil Ltd
[{"type":"text","content":"Beyond Oil Provides Further Update on Continuance from the Province of British Columbia to the Province of OntarioCompany Announces Application of Management Cease Trade Order Relating to Potential Administrative Delay in Processing Continuance Which May Delay Annual Filings\nVANCOUVER, British Columbia, March 23, 2026 (GLOBE NEWSWIRE) -- Beyond Oil Ltd. (TSX: BOIL) (OTCQB: BEOLF) (“Beyond Oil” or the “Company”), a food-tech innovation company dedicated to reducing health risks associated with fried food while lowering operational costs, minimizing waste and enhancing sustainability, today provides an update, following the news release dated March 13, 2026, on its continuance from the Business Corporations Act (British Columbia) to the Business Corporations Act (Ontario) (the “Continuance”). The Company’s shareholders overwhelmingly approved the Continuance at its shareholder meeting held on March 12, 2026. Immediately following shareholder approval, Beyond Oil commenced the administrative steps required to complete the Continuance, including filings with the British Columbia Registry Services (the “Registry”). Due to recent labour disruptions affecting certain public employees in British Columbia, the Registry has experienced processing delays and has not yet issued the documentation required to complete the Continuance prior to the filing deadline for the Company’s Annual Materials (as defined below) of March 31, 2026 (the “Filing Deadline”). The Company’s auditor has advised that it will not provide its required consent to the filing of the Annual Materials until completion of the Continuance. Given the above, the Company anticipates the filing of its audited annual financial statements, management’s discussion and analysis, annual information form and related officer certificates for the financial year ended December 31, 2025 (collectively, the “Annual Materials”) under Parts 4 and 5 of National Instrument 51-102 Continuous Disclosure Obligations and pursuant to National Instrument 52-109 Certification of Disclosure in Issuer’s Annual and Interim Filings may be delayed beyond the required Filing Deadline. The Company continues to be actively engaged with the Registry to obtain the outstanding documentation r...