Avila Energy Corp.

Avila Energy Corp. , trading symbol, , 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 [...]

Avila Energy Corp. , trading symbol, , announces that it has settled its matter of with the Alberta Securities Commission for misleading disclosure . The ASC has concluded a Settlement Agreement and Undertaking with Avila and its former CEO Leonard 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 Energy Corp. , trading symbol, , 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 [...]

Avila Energy Corp. , trading symbol, , announces its intention to issue compensatory 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 , and in [...]

Avila Energy Corp. , trading symbol, , 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 [...]

Avila Energy Corp. , trading symbol, , has taken steps to initiate a corporate restructuring through the filing of a Notice of Intention to Make a Proposal to its creditors under the provisions of the Bankruptcy and Insolvency Act . 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 [...]

Avila Energy Corp. , trading symbol, , 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 [...]

Calgary, June 26, 2024 - Avila Energy Corp. , trading symbol, , is pleased to announce a closing of its first tranche of its non-brokered private placement previously announced on June 14, 2024 . The Company issued 12,293,000 units at a price of $0.03 for gross proceeds of $368,790. Each Unit is comprised of one common share in the share capital of the Company and one-half common share purchase warrant . Each full Warrant [...]

Avila Energy Corp. , trading symbol, , is pleased to announce a private placement offering of up to $2,400,000 . The Company also intends to issue shares to settle some outstanding debt . Private Placement Offering The Company intends to complete a non-brokered private placement consisting of the issuance of up to 80,000,000 units at a price of $0.03 per Unit for gross proceeds of up to $2,400,000. Each Unit is comprised [...]

Avila Energy Corp. is pleased to announce the results of the Annual General Meeting held on April 11, 2024, at 11:00 A.M. MST. Results from the Annual General Meeting The following resolutions were approved and adopted by the Company: Setting the number of directors of the Company to four until the next Annual General Meeting. The election of the directors of the Company, as follows: a. Mr. Leonard Van Betuw b. Mr [...]