Beyond Oil Ltd. announced a non-brokered private placement of 2,380,952 units at a purchase price of CAD 1.05 per Unit, for total gross proceeds of up to CAD 2,499,999.6 on June 18, 2024. Each Unit will be comprised of one common share in the capital of the Company and one-half of one share purchase warrant. Each Warrant will be exercisable for one Share at a price of CAD 1.75 per Warrant Share for a period of one year after the closing date.

In connection with the Offering, the Company may pay certain eligible persons a 6% cash commission and 6% in Warrants. All securities issued in connection with the Offering will be subject to a hold period of four months and one day from the date of closing in accordance with applicable securities laws. Insiders may participate in up to 15% of the Offering.

The Offering is subject to customary closing conditions including, but not limited to, the receipt of all necessary approvals, including the acceptance of the CSE