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Beyond Oil Provides Further Update on Continuance from the Province of British Columbia to the Province of Ontario and Relating Filings
VANCOUVER, British Columbia, April 01, 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 Ontario and Relating FilingsCompany Obtains Management Cease Trade Order Relating to Administrative Delay in Processing Continuance Which May Delay Annual Filings\nVANCOUVER, British Columbia, April 01, 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 23, 2026, that further to its application to the British Columbia Securities Commission (“BCSC”) for a management cease trade order (“MCTO”) to be imposed in respect of its delay in filing its annual information form, audited annual financial statements and management’s discussion and analysis, all for the year ended December 31, 2025 (collectively, the “Annual Filings”), the BCSC has today granted the MCTO. The delay in making the Annual Filings is a result of recent labour disruptions affecting certain public employees in British Columbia, which has resulted in delays in obtaining final documentation for the Company’s continuance from British Columbia to Ontario. The MCTO prohibits the chief executive officer and the chief financial officer of the Company from trading in securities of the Company for so long as the Annual Filings are not filed, including the disposition or acquisition of securities of the Company under any automatic plan. During this period, the Company has undertaken not to, directly or indirectly, issue or acquire securities from an insider or employee of the Company.  The MCTO does not affect the ability of any shareholders who are not insiders of the Company to trade their securities of the Company. The Company will issue a news release announcing completion of filing of the Annual Filings at such time as they are completed and filed. Until the Company files the Annual Filings, it will comply with the alternative information guidelines set out in under National Policy 12-203 – Management Cease Trade Orders, including issuing bi-weekly default status reports by way of news re...