AVILA ENERGY Aktie

 

  Calgary, Alberta – May 1, 2025 – TheNewswire - Avila Energy Corporation (“Avila” or “Company”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), announces that its Bear Hills processing plant has been shut in.   On April 3, 2025 Avila had its Bear Hills processing plant shut in for failure to meet the dew point standards of Atco/TC Energy. On April 2, Atco/TC Energy made its monthly inspection to gauge the dew point which establishes the temperature of the natural gas being exported from the Company's plant. The temperature exceeded the -10c threshold by several degrees. The Company shut in some of the production however upon the return the next day the temperature did not conform to requirements. The Company finds that baffling as the prior months with similar ambient temperatures the Company passed the test.   The Company engaged the services of a Calgary based consulting engineering firm which ran simulation models which determined that the facility was more than capable of handl...

  Calgary, Alberta – April 9, 2025- TheNewswire - Avila Energy Corporation (“Avila” or “Company”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), announces the following corporate updates:   1.     The company held its Creditors Meeting on March 21, 2025.  The creditors voted overwhelmingly in favour of the Proposal.  Going forward the unsecured creditors will receive shares of the company in exchange for their debt.  The secured creditor will have the repayment terms amended and unaffected creditors will be dealt with individually.   2.     The company has an April 28, 2025, hearing scheduled in the Court of King's Bench to have the Proposal ratified.  In addition, the company will be seeking an extension to May 30, 2025, to have the Cease Trade Order lifted and regain trading on the CSE.  The Proposal originally called for the Cease Trade Order to be lifted by April 11, 2025, however difficulty in obtaining accounting information from a previous accounting system has held u...

Toronto, Ontario--(Newsfile Corp. - Le 25 novembre/November 2024) - Effective immediately, Avila Energy Corporation is suspended pursuant to CSE Policy 3. The suspension is considered a Regulatory......

DAS/ DIE FOLGENDE(N) INSTRUMENT(E) IST/ SIND AB SOFORT AUSGESETZT: THE FOLLOWING INSTRUMENT(S) IS/ ARE SUSPENDED WITH IMMEDIATE EFFECT: INSTRUMENT NAME KUERZEL/SHORTCODE ISIN BIS/UNTIL AVILA ENERGY CORP. 6HQ0 CA0536981065 BAW/UFN...

Instrument ID [12136014] (6HQ0 - CA0536981065) suspended...

  Calgary, Alberta – November 20, 2024 – TheNewswire - Avila Energy Corporation (“Avila” or “Company”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), announces that Donald Benson CEO & President of Avila Energy Corporation, on behalf of the Board of Directors, advises that the Company, in conjunction with its Auditor and the Alberta Securities Commission have concluded, that the Financial Statements for the year ending December 31, 2024. will have to be restated.  Certain irregularities have come to the attention of the new executive and independent directors, which call into question how funds from a flow through financing were dispersed and whether assets of the Company are accurately accounted for. “Too many things just don't seem to be consistent with common sense practices,” said Mr. Benson.  Accordingly, in accordance with the Affidavit of Mr. Benson, which will be presented on November 27 at the Court of King's Bench hearing, the company will be conducting a forensi...

  Calgary, Alberta – TheNewswire - October 24, 2024 - Avila Energy Corporation (“Avila” or “Company”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), announces that it has settled its matter of with the Alberta Securities Commission (“ASC”) for misleading disclosure (“Settlement Agreement”). The ASC has concluded a Settlement Agreement and Undertaking with Avila and its former CEO Leonard Van Betuw (“Van Betuw”) for misleading disclosure in connection with a December 2022 private placement offering under the Listed Issuer Financing Exemption. In the Settlement Agreement, Avila and Leonard Van Betuw admitted to misrepresentation in breach of Alberta securities laws by misleading, untrue or incomplete statements in an offering document that was filed with the ASC on December 22, 2022.   Avila and Van Betuw acknowledged in the Settlement Agreement that the offering document misrepresented how Avila intended to use $1.5 million of the offering proceeds and that this information ...

  Calgary, Alberta – TheNewswire - October 17, 2024 - Avila Energy Corporation (“Avila” or “Company”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), is pleased to announce the appointment of Mr. Dale Harrison, Mr. William Sandulak,  and Mr. George Mendez. Dale Harrison has over 25 years of experience initially as Field Supervisor in Canada and Internationally in Cuba. Mr. Harrison's areas of expertise are broad, including pipeline integrity, and facilities management and maintenance at Avila Energy Corporation. William Sandulak is a proven results business professional with over 40 years of Corporate Enterprise sales and sales management experience.  Mr. Sandulak has a B.A from the University of Manitoba. George Mendez is a lawyer with a background in the oil and gas business.  Mr. Mendez is also a graduate of the London School of Economics. The Company has also received and accepted Mr. Leonard Van Betuw's resignation as Director of the Company.  The Company thanks him for his ...

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  Calgary, Alberta – TheNewswire - September 23, 2024 - Avila Energy Corporation (“Avila” or “Company”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), announces its intention to issue compensatory shares (“Shares”). The shares will be issued to key executives of the Company in the aggregate amount of up to10,500,000 free trading shares at a price of $0.05 as signing and retention bonuses, subject to regulatory approval. About Avila Energy Corporation The Company is an emerging CSE listed corporation trading under the symbol ('VIK'), and in combination with an expanding portfolio of 100% Owned and Operated oil and natural gas production, pipelines and facilities is a licensed producer, explorer, and developer of Energy in Canada. The Company's long-term vision is to achieve through the implementation of a closed system of carbon capture and sequestration, an established path towards the material reduction of Tier 1, Tier 2 and Tier 3 emissions and continues to work towards becomin...

  Calgary, Alberta – September 23, 2024 – TheNewswire – Avila Energy Corporation (“Avila” or “Company”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), is pleased to announce the appointment of Mr. Donald Benson as the newly appointed President and Chief Executive Officer of the Company. Donald Benson is a 35-year veteran of the Oil and Gas industry, having acted in the capacity of Chairman, CEO and President of Junior Public and Private Oil and Gas Companies.  He is very well versed in all aspects of the business including management, operations and finance. Donald is also a graduate of the Canadian Securities Institutes, Canadian Securities Course.    To accommodate the appointment of Donald Benson, the Company also announces the resignation of               Mr. Leonard B. Van Betuw as President and Chief Executive Officer.   The Company also has received and accepted the Resignation of Chris Valentine as Director, and we thank him for his support and advice during his t...

  CALGARY, Alberta – TheNewswire - September 23, 2024 – Avila Energy Corporation (“Avila” or “Company” ), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), has taken steps to initiate a corporate restructuring through the filing of a Notice of Intention to Make a Proposal (the “Notice of Intention”) to its creditors under the provisions of the Bankruptcy and Insolvency Act (Canada) (the “BIA”). Pursuant to the Notice of Intention, FTI Consulting Canada Inc. has been appointed as the proposal trustee in the Corporation's Notice of Intention proceedings and will assist the Corporation in its restructuring efforts.   MLT Aikins LLP is legal counsel to the Corporation.   The decision to file the Notice of Intention by Avila Energy Corporation was made by the board so that it can:   1)        Complete the orderly restart of operations in West Central Alberta, including the suspension of operations that occurred as a result of the contamination of the Company's facilities bei...

  Calgary, Alberta, August 27, 2024 – TheNewswire – Avila Energy Corporation (“Avila” or “Company” or “Avila Energy”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), is pleased to announce the sale of a 90% working interest in Non-Core Assets in Alberta.   As part of Avila Energy's ongoing evaluation of its core business, equity financings underway and recapitalization efforts of the Company, it is pleased to announce the sale of a 90% work interest in its non-core assets in Alberta to an arm's length Alberta based Company.   The Company has sold its 90% interest in the property for $300,000 plus the applicable G.S.T. and the assumption of post-closing adjustments, including the assignment of its pro-rata portion of the associated decommissioning obligations related to the 2 wells and associated facilities.   As of December 31, 2023, the Company had no assigned book value and no reserves assigned to the property.  Prior to being shut-in, in April of 2023.  In 2022 the sold ...

   Calgary, Alberta – TheNewswire - June 26, 2024 – Avila Energy Corporation (“Avila” or the “Company” or “Avila Energy”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), is pleased to announce a closing of its first tranche of its non-brokered private placement previously announced on June 14, 2024 (the “Private Placement”). The Company issued 12,293,000 units at a price of $0.03 (the “Units”) for gross proceeds of $368,790. Each Unit is comprised of one common share (each a “Common Share”) in the share capital of the Company and one-half (1/2) common share purchase warrant (each a “Warrant”). Each full Warrant entitles its holder to purchase one additional common share at a price of $0.12 for a period of 24 months following the closing. The Company may pay finder's fees of 8% on a portion of the Private Placement, subject to compliance with the policies of the Canadian Securities Exchange (the “CSE”) and applicable securities legislation. Mr. Leonard Van Bet...

  Calgary, Alberta, June 14, 2024 – TheNewswire – Avila Energy Corporation (“Avila” or the “Company” or “Avila Energy”), trading symbol, (CSE: VIK, OTCM: PTRVF and FRA:6HG0), is pleased to announce a private placement offering of up to $2,400,000 (the “Private Placement”). The Company also intends to issue shares to settle some outstanding debt (the “Debt Settlement”).   Private Placement Offering The Company intends to complete a non-brokered private placement consisting of the issuance of up to 80,000,000 units (the “Units”) at a price of $0.03 per Unit for gross proceeds of up to $2,400,000.   Each Unit is comprised of one common share (each a “Common Share”) in the share capital of the Company and one-half (1/2) common share purchase warrant (each a “Warrant”). Each full Warrant entitles its holder to purchase one additional common share at a price of $0.12 for a period of 24 months following the closing. The Company may proceed to close in multiple tranches.  ...