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Petro Viking Energy ( (TSE:VIK) ) just unveiled an announcement.
Avila Energy Corporation has announced its intention to issue 35 million shares at a unit price of $0.03 to settle a promissory note and a vendor’s outstanding payable amount, pending regulatory approval. This move is part of Avila’s broader strategy to strengthen its financial position and support its long-term vision of achieving carbon neutrality and expanding its energy production capabilities.
More about Petro Viking Energy
Avila Energy Corporation is an emerging Canadian energy company listed on the CSE under the symbol ‘VIK’. The company is involved in the production, exploration, and development of oil and natural gas, with a focus on becoming a vertically integrated carbon-neutral energy producer. Avila Energy aims to reduce emissions through carbon capture and sequestration while delivering energy directly to residential and commercial consumers.
Technical Sentiment Signal: Buy
Current Market Cap: C$917.4K
See more insights into VIK stock on TipRanks’ Stock Analysis page.