Original News Release
Avila Energy closes $12,110 rights offering
Mr. Donald Benson reports
AVILA ENERGY CORPORATION ANNOUNCES RIGHTS OFFERING UPDATE
Avila Energy Corp. closed its rights offering on Feb. 2, 2026, with subscriptions of $12,110.72. A total of 3,229,523 units were issued. Each unit consisted of one common share and one share purchase warrant at a price of 0.375 cent per unit. Accordingly, 3,229,523 new shares have been issued resulting in the total number of outstanding shares of 229,720,477. In addition, 3,229,523 warrants have been issued. The warrants are exercisable at a price of five cents for the first six months and 10 cents for a subsequent 18 months, with the final date for exercising options being Feb. 1, 2028. Funds received from the offering were used for general operating purposes.
The company moved its jurisdiction from Alberta to British Columbia on Feb. 13, 2026. The shareholders of the company approved this at the annual general meeting held Oct. 31, 2025.
We seek Safe Harbor.
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