Avila Energy Corp.

Avila Energy Corp. , trading symbol "CSE:VIK", "OTCM:PTRVF", FRA:6HG0, is pleased to announce the closing of the transaction with a private Canadian investments company at arm's length for a secured two year term loan of CDN $3,000,000 previously announced on July 5, 2023. The parties have executed all the necessary documents and a general security has been registered on all Avila's assets in the appropriate registries in [...]

Avila Energy Corp. , trading symbol , is pleased to announce the completion of all terms of settlement with MTT and the Issuance of the Licensed Rights for the Manufacturing, Sale, Supply and Servicing of MTT's EnerTwin in Canada and the United States of America Avila Energy Corp. is pleased to confirm that all financial obligations have been paid in full to MTT and that as of July 25th, 2023, Avila's investments to date [...]

Avila Energy Corp. , trading symbol "CSE:VIK", announces its refiling of its audited financial statements for the year-ended December 31, 2022 and its unaudited financial statements for the three months ended March 31, 2023 as well as their corresponding management's discussion & analysis . The refiling intends to amend disclosure regarding the credit risk fee that was used to calculate the Asset Retirement Obligation in [...]

Avila Energy Corp. , trading symbol "CSE:VIK", "OTCM:PTRVF", "FRA:6HG0", is pleased to announce the signing of a term sheet on July 5, 2023, with a private Canadian investments company for a secured two year term loan of CDN $3,000,000 and provides an update on MTT. The $3,000,000 loan is to be funded after the execution of all necessary documentation and registration of the associated securities instruments as would be [...]

Avila Energy Corp. , trading symbol , announces Insight Acquisition Corp. has sent a notice of default, and that it intends to terminate the Business Combination Agreement dated April 3, 2023 if such alleged default is not cured by July 26, 2023. Avila also provides a Corporate Update. Despite the successful negotiation and settlement executed and announced on June 26, 2023, between Avila Energy Corp. and MTT, Insight [...]

Avila Energy Corp. is pleased to announce the successful negotiation and settlement of all outstanding issues with Micro Turbine Technology and correctly confirms that all patents held by MTT are current and in good standing. The previously Notice of Default by Avila was based on a wrong assumption and should have not been issued. In accordance with the Settlement, Avila Energy Corp. and MTT confirm that all contractual [...]

Avila Energy Corp. , trading symbol "CSE:VIK.CN", clarifies its news release dated June 7, 2023 regarding the convertible debenture units financing and the Micro Turbine Technology B.V. transaction. Convertible Debenture Units Financing As previously stated in its June 7, 2023 news release, Avila Energy has agreed to enter into non-brokered private placement discussions with two groups of accredited investors according to [...]

Avila Energy Corp. , trading symbol "CSE:VIK.CN", is pleased to announce the Company's acceptance of an initial financing commitment of U.S. $10 Million in Convertible Debentures and provides update. The Company over the course of the past 2 months after completing a series of meetings with qualified parties for the financing of up to U.S. $35,000,000 in Convertible Debentures as part of its refocused plan on the balanced [...]

Avila Energy Corp. , trading symbol "CSE:VIK.CN", is pleased to announce the Company's acceptance of an initial financing commitment of U.S. $10 Million in Convertible Debentures and agreed upon use of proceeds in 2023. The Company over the course of the past 2 months after completing a series of meetings with qualified parties for the financing of up to U.S. $35,000,000 in Convertible Debentures as part of its refocused [...]

Avila Energy Corp. , trading symbol "CSE:VIK.CN", is pleased to announce the filing of its Financial Results for the Three months ended March 31, 2023. Highlights Revenues Three months ended March 31, 2023 2022 Oil and natural gas revenue Heavy oil $ 199,373 $ 166,761 Natural gas 733,218 313,890 Natural gas liquids 35,432 32,459 Total oil and natural gas revenue, gross $ 968,023 $ 513,110 Less: Royalty expenses Oil and [...]