tiprankstipranks
Avila Energy’s Capital Boost and Debt-to-Equity Plan
Company Announcements

Avila Energy’s Capital Boost and Debt-to-Equity Plan

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

Don't Miss our Black Friday Offers:

Avila Energy Corporation is launching a private placement offering to raise up to $2.4 million, with the sale of 80 million units at $0.03 each, including warrants. Additionally, the company plans to convert up to $600,000 of debt into equity, issuing common shares to service providers at the same unit price. The funds raised will bolster Avila’s working capital, with securities under a standard four-month-plus-one-day hold period.

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

Related Articles
TipRanks Canadian Auto-Generated NewsdeskAvila Energy to Restate Financial Statements
TipRanks Canadian Auto-Generated NewsdeskAvila Energy Appoints New Directors Amid Growth
TipRanks Canadian Auto-Generated NewsdeskAvila Energy Welcomes New CEO Donald Benson
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App