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Avila Energy Corp C.VIK

Alternate Symbol(s):  PTRVF

Avila Energy Corporation is a Canada-based resource-based company engaged in the acquisition of, exploration for, and the development and production of crude oil, natural gas, and natural gas liquids in Western Canada. The Company's assets consist of the West Central Alberta assets (WCA) located 50 kilometers southwest of Edmonton, Alberta, and the East Central Alberta assets (ECA) located 90 kilometers east of Red Deer, Alberta. The Company is in the initial phases of development of a Carbon Capture and Sequestration Plan in WCA.


CSE:VIK - Post by User

Bullboard Posts
Comment by Dave4444on Sep 07, 2012 7:15am
200 Views
Post# 20329748

RE: New Journal article on VIK out this PM

RE: New Journal article on VIK out this PM

The article seems to ignore the dilution that is coming as they try to raise funds to pay for this deal in a bad junior market.  They have to do a $3,000,000 financing by the end of the month and the brokerage firms now have them in a bind.  The firms will be looking for cheap shares knowing that VIK has to raise the money, so big question is what discount will the brokerages want and how much dilution in the form of shares and cheap warrants.  I would think that the current shares outstanding could double.  But just my thoughts.

Bullboard Posts