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PTRVF / Avila Energy Corporation is Pleased to Announce the Completion of all Terms of Settlement with MTT and the Issuance of the Licensed Rights for the Manufacturing, Sale, Supply and Servicing of MTT's En

Avila Energy Corporation is Pleased to Announce the Completion of all Terms of Settlement with MTT and the Issuance of the Licensed Rights for the Manufacturing, Sale, Supply and Servicing of MTT's En
CALGARY, AB / ACCESSWIRE / July 26, 2023 / Avila Energy Corporation ("Avila" or the "Company" or "Avila Energy"), trading symbol (CSE:VIK)(OTC PINK:PTRVF)(FRA:6HG0), is pleased to announce the completion of all terms of settlement with MTT and the Issuance of the Licensed Rights for the Manufacturing, Sale, Supply and Servicing of MTT's EnerTwin in Canada and the United States of America Avila Energy Corporation is pleased to confirm that all financial obligations have been paid in full to MTT and that as of July 25th, 2023, Avila's investments to date of € 4,160,000 have resulted in the following: Avila Energy Corporation and MTT confirms that Avila's license, as agreed on June 26, 2023, to manufacture, sell and service the EnerTwin in Canada and the United States of America is now in effect as of July 25, 2023, and has been released from escrow by MTT. The up-front license fee paid being € 1,500,000, or approximately CDN $ 2,205,000. Read More
Posted: Jul 26 2023, 19:00
Author Name: Accesswire
Views: 041367

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Avila Energy Corporation is Pleased to Announce the Completion of all Terms of Settlement with MTT and the Issuance of the Licensed Rights for the Manufacturing, Sale, Supply and Servicing of MTT's En

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