Mr. Jonathan Or reports
BEYOND OIL ANNOUNCES DTC ELIGIBILITY
Following Beyond Oil Ltd.'s listing on the OTCQB Venture Market on June 2, 2023, Depository Trust Company (DTC) has made the company's common shares eligible for electronic clearing and settlement at DTC.
DTC is a subsidiary of Depository Trust & Clearing Corp., a United States company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are considered DTC eligible. DTC eligibility is expected to simplify the process of trading and enhance the liquidity of Beyond Oil's common shares in the United States.
"We are pleased to have received DTC eligibility, as we believe that this milestone will provide investors with greater accessibility and visibility to Beyond Oil in the United States," said Jonathan Or, chief executive officer and co-founder of Beyond Oil. "This milestone has also opened the door to new investors that may have been previously restricted from trading our stock, while existing shareholders will also benefit from greater liquidity and execution speed."
About Beyond Oil Ltd.
Beyond Oil develops and manufactures an innovative, proprietary and patented product designed to extend the life of frying oil while preserving the oil's quality and nutritional value. The unique product integrates into the existing filtration systems of both commercial and industrial fryers, reducing oil costs, helping create healthier food decreasing waste and increasing sustainability.
We seek Safe Harbor.
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