Avila Energy Corp.

Avila Energy Corp. Avila Energy Corp. is very pleased to announce the appointment of Chris Valentine as director of the Corporation. The Corporation was able to do so pursuant to the resignation of Michel Jr. Lebeuf which thereby provided the availability of the director seat. We thank Michel Jr. Lebeuf for doing so and thereby contributing to the success of Avila. Mr. Valentine is a Senior Managing Partner at Celeres [...]

Established, Canadian low-cost oil & gas producer with international business experience. Business strategy will implement a closed system of carbon capture and sequestration upstream, combined with downstream direct-to-consumer sales and services for "EnerTwin," a patented CO2 emission reduction technology. Expects to be carbon neutral by year-end 2024, with a path toward to net zero by 2027. Business combination [...]

Avila Energy Corp. provides update on negotiations with Insight Acquisition Corporation to combine with the Company and its Operations in Western Canada. Avila Energy Corp. on January 26, 2023 announced a preliminary non-binding Letter of Intent with Insight Acquisition Corp. , a Delaware corporation and a Special Purpose Acquisition Company, pursuant to which IAC is to combine with the Company in a transaction that will [...]

Calgary, January 26, 2023 - Avila Energy Corp. announces the signing on January 24, 2023 of a preliminary non-binding Letter of Intent with Insight Acquisition Corp. , a Delaware corporation and a Special Purpose Acquisition Company, pursuant to which IAC has agreed to combine with the Company in a transaction that assumes an enterprise value of the combined company of U.S. $185,280,000 and will result in the combined [...]

This news press release is issued pursuant to National Instrument 62-104 - Take-Over Bids and Issuer Bids and National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. Leonard Van Betuw announces that he has been disposed of 3.2% of the common shares he holds in Avila Energy as a result of an issuance of common shares pursuant to an offering of flow-through units and [...]

Avila Energy is pleased to announce that it closed through Echelon Capital Markets, acting as the sole agent, $7,999,999.73 of flow-through units in respect of Canadian renewable and conservation expenses within the meaning of the Income Tax Act comprised of $3,999,999.33 of traditional flow-through units at a price of $0.335 per FT Unit, and $3,999,999.90 of charity flow-through units and with the FT Units, the "Offered [...]

Avila Energy is pleased to announce that it has entered into an agreement with Echelon Capital Markets, as sole agent, pursuant to which Echelon has agreed to sell, on a fully marketed private placement basis, up to approximately $8,000,000 of flow-through units in respect of Canadian renewable and conservation expenses within the meaning of the Income Tax Act (Canada) to be comprised of up to $4,000,000 of traditional [...]

Avila Energy Corporation is pleased to announce its Financial Results for the Three and Nine months ended Sept 30, 2022, and to provide its Corporate Update. Avila Energy's revenues year over year for the nine months ended Sept 30, increased to $2,190,991 from $210,883; an increase of 1,139%. The Company's focus on sustainable growth delivered this growth in earnings of $0.06 per share for the 3 months ended September 30 [...]