Avila Energy Corporation Announces Further Closures of Its Private Placement Offering

Avila Energy Corporation, a company listed on several stock exchanges including the CSE, OTC PINK, and FRA, has announced its plan to proceed with additional closings of a non-brokered private placement. This follows a successful first tranche closure that raised over $1 million towards the company's ambitious $3 million goal. The private placement involves the issuance of up to 60,000,000 units, with each unit priced at $0.05, combining a common share and half a warrant, which could further escalate the company's financial standing when fully exercised.

The second tranche of this financial maneuver is anticipated to close shortly, demonstrating the company's forward momentum in capital raising efforts. Participation in this private placement includes significant contributions from insiders of the corporation, emphasizing confidence in the company's direction. Avila Energy has outlined that the raised funds will be earmarked for general working capital purposes, ensuring the company's operational continuity and growth.

Avila Energy emphasizes its compliance with securities laws and exchange policies, underscoring the strategic nature of this financial initiative. This development is part of Avila Energy’s broader strategy to bolster its working capital and foster its growth within the energy sector.