Prospera Energy Inc.

Prospera Energy Inc. today announces that the filing of its audited annual financial statements, management's discussion and analysis and related CEO and CFO certifications for the financial year ended December 31, 2020 , will be delayed beyond the filing deadline of April 30, 2021, and as a result is in default of its obligations under Part 4 of National Instrument 51-102 Continuous Disclosure Obligations. The delay in [...]

Prospera Energy Inc. announced that it has completed the final tranche of its previously announced non-brokered private placement of $583,000 in convertible debenture units. In the first tranche, the Company raised proceeds of $382,776.67 and in the second tranche the Company raised proceeds of $2,344,635.32. The debentures will bear interest of 8% per annum for a term of 2 years, and be convertible into common share [...]

Prospera Energy Inc. announced that it has completed a second tranche of its previously announced non-brokered private placement of $2,344,635.32 in convertible debenture units. The debentures will bear interest of 8% per annum for a term of 2 years and be convertible into common share units of the Corporation at a conversion price of $0.05. Each of these units consists of one common share and one common share purchase [...]

Prospera Energy Inc. has made a full settlement payment of $897,710.94 for the settlement of the total outstanding amount of $1,575,323 to Tallinn Capital Mezzanine LP. The lender provided this debt forgiveness of approximately $729,108. The repayment of $897,710.94 to its lender was funded by the proceeds of the closing of the private placement announced on March 16, 2021. The new restructured management team at Prospera [...]

Prospera Energy Inc. has completed its first tranche of its previously announced non-brokered private placement of 30,778,300 Common Shares Units issued at a subscription price of $0.02 per Common Share Unit with gross proceeds of $615,567. Each unit of the offering is composed of one common share of the Corporation and one share purchase warrant. Each warrant entitles the holder to acquire one additional share in the [...]

Prospera Energy Inc. Prospera Energy Inc. will raise up to $800,000 by way of a non-brokered private placement of units of the corporation at a price of two cents per unit. It is anticipated that this financing will close in multiple tranches with the initial closing expected this week. Each unit of the offering is composed of one common share of the Corporation and one share purchase warrant. Each warrant will entitle [...]

Prospera Energy Inc. announces the granting of incentive stock options to a Director of the Corporation to acquire up to an aggregate of 2,100,000 common shares of the Corporation at an exercise price of $0.05 per share. All such options are exercisable for a period of five years and the shares are vested on a quarterly basis of not less than eighteen months from the date of grant. Upon granting of the options described [...]

Prospera Energy Inc. is pleased to announce the appointment of Samuel David as President, CEO and Director of the Corporation effective immediately. Mr. Samuel David is a Professional Engineer. The appointment is to initiate Prospera reorganization process to attain efficiencies and profitability. Samuel S. David has over 30 years of experience in Operation, Development and Management of oil and gas assets and companies [...]

Prospera Energy Inc. announces the departure of Mr. Sarshar Ahmad as President and CEO of the Corporation. Mr. Ahmad remains as director of the Corporation. Prospera Energy Inc., thanks Mr. Ahmad for his contributions. Mr. Samuel David Professional Engineer and B.A. In Economics will be coordinating the reorganization of Prospera to attain profitability. About Prospera Prospera Energy Inc. is a Canadian natural resource [...]

Prospera Energy Inc. is pleased to announce that we have strengthened our Board of Directors with the with the appointment of Professional Engineer Samuel David in an advisory capacity. The appointment is to initiate Prospera reorganization process to attain efficiencies and profitability. Samuel S. David has over 30 years of experience in Operation, Development and Management of oil and gas assets and companies. Mr [...]