Petro Viking Energy Inc. (TSE:VIK) has released an update.
Avila Energy Corporation is set to proceed with additional closings of its non-brokered private placement, targeting to raise up to $3 million through the sale of units at $0.05 each, including share purchase warrants. The company has already completed a first tranche, garnering over $1 million, with a second tranche expected soon. Proceeds from this fundraising effort are slated for general working capital purposes.
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