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 [...]
Prospera Energy Inc. announces the resignation of Mr Dusan Berka a director from the Corporation's board of directors effective immediately. Prospera wishes to thank Mr. Berka for his contributions to the Corporation and wishes him well in his future endeavors. About Prospera Prospera Energy Inc. is a Canadian natural resource Corporation engaged in the acquisition, exploration, development and production of oil and gas [...]
Prospera Energy Inc. Prospera CEO, Sarshar Ahmad wishes to update shareholders on 2020 operations to date and further guidance for the remainder of 2020 and 2021. During the first quarter of 2020, the World Health Organization declared COVID-19 to be a global pandemic. Prospera Energy's primary focus and concern has always been the health and safety of the Corporation's employees, contractors, partners, service providers [...]
Prospera Energy Inc. Prospera wishes to update and advise shareholders on a key acquisitional agreement. The Corporation is pleased to announce that it has entered into an Agreement whereby Prospera Energy is increasing its total asset holdings and interest at the Hearts Hills and Luseland properties. On August 17, 2020 Prospera has signed an agreement for the acquisition of an additional 40% net working interest from [...]
Prospera Energy Inc. Prospera shareholders voted in favour of all items of business brought before them at the Corporation's annual General Meeting of Shareholders held on June 29, 2020 in Calgary. Shareholders holding a total of 65,122,311 common shares were represented in person or by proxy at the AGM, representing 30.17 per cent of the votes attached to all outstanding common shares of the Corporation as at the record [...]
Prospera Energy Inc. has received a Statement of Claim filed by former CEO, Mr. Robert Richardson in the amount of approximately $320,000 for alleged wrongful dismissal and other damages related to Mr. Richardson's services with the Corporation. Prospera believes it has acted reasonably to date and believes that the Claim is completely without merit. Prospera has engaged appropriate advisors and intends to vigorously [...]
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