Avila Energy closes $12,110 rights offering

Executive Summary

• Avila Energy Corp. closed its rights offering on Feb. 2, 2026, raising $12,110.72 from the issuance of 3,229,523 units.
• Each unit consisted of one common share and one warrant priced at $0.00375 per unit; the warrants are exercisable at $0.05 for six months then $0.10 thereafter, expiring Feb. 1, 2028.
• Proceeds will be used for general operating purposes; the offering increased outstanding shares to 229,720,477 and added an equal number of warrants.

Key Details

• Offering Size: Subscriptions totaled $12,110.72.
• Units Issued: 3,229,523 units (each = 1 common share + 1 warrant).
• Unit Price: $0.00375 per unit.
• Shares Issued: 3,229,523 new common shares; total outstanding shares now 229,720,477.
• Warrants Issued: 3,229,523 share purchase warrants.
• Warrant Exercise Price: $0.05 per share for the first 6 months, then $0.10 per share for the subsequent 18 months.
• Warrant Expiration: Final exercise date Feb. 1, 2028.
• Use of Proceeds: Funds allocated to general operating purposes.
• Jurisdiction Change: Company moved its legal jurisdiction from Alberta to British Columbia on Feb. 13, 2026, approved by shareholders at the Oct. 31, 2025 AGM.

Notable Quotes

(No direct quotes provided in the release.)