Avila Energy Launches Restructuring to Stabilize Operations
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Avila Energy Launches Restructuring to Stabilize Operations

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Petro Viking Energy (TSE:VIK) has released an update.

Avila Energy Corporation has announced a corporate restructuring through a Notice of Intention to Make a Proposal under Canada’s Bankruptcy and Insolvency Act. This restructuring is aimed at enabling the company to restart operations in Alberta, negotiate asset sales, and secure funding and recapitalization to resolve its financial obligations.

For further insights into TSE:VIK stock, check out TipRanks’ Stock Analysis page.

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