Prospera Energy Inc. Private Placement Prospera Energy Inc. announces it is expecting to close the first tranche of its non-brokered unit offering, for total proceeds of $500,000. Each unit, priced at $1,000 per unit, consists of: a one-year secured promissory note with a principal amount of $1,000, carrying a 12% annual interest rate, and 5,000 common share purchase warrants of the Corporation exercisable at $0.05 for a [...]
Prospera Energy Inc. Prospera Energy Inc. is pleased to announce its operating and financial results for the three and nine months ended September 30th, 2024. Selected financial and operating information should be read in conjunction with Prospera's unaudited consolidated financial statements and related management's discussion and analysis for the three and nine months ended September 30, 2024. These filings are [...]
Prospera Energy Inc. Prospera Energy announces that Jasdip Dhaliwal and Samuel David have both resigned from the Board of Directors for personal reasons, effective immediately. The Board expresses its gratitude for their contributions to the company. About Prospera Prospera Energy Inc. is a publicly traded Western Canadian energy company focused on exploring, developing, and producing oil and gas assets, with an emphasis [...]
Prospera Energy Inc. Prospera announces the opportunistic appointment of Mr. Shubham Garg as Chairman of the Board of Directors. Previous Chairman, Mr. Mel Clifford has stepped down from the Board of Directors for personal reasons, effective October 31, 2024. The Board and Prospera express their sincere gratitude to Mr. Clifford for his dedication and contributions to PEI's restructuring efforts out of bankruptcy. The [...]
Prospera Energy Inc. Prospera. announces that it has changed its auditors from Crowe MacKay LLP to MNP LLP effective October 8, 2024. There were no reservations in the Former Auditor's audit report for any financial period during which the Former Auditor was the Corporation's auditor. There are no 'reportable events' between the Corporation and the Former Auditor. In accordance with National Instrument 51-102, the Notice [...]
Prospera Energy Inc. The 2024 Prospera corporate update outlines the company's restructuring efforts since 2021, highlighting key milestones achieved, challenges faced, and the strategic path forward to achieve production stability and profitability. Preamble: By the end of 2020 Prospera faced a litany of financial challenges, including low production, high operating costs, and the global impacts of the Covid pandemic [...]
Prospera Energy Inc. Prospera Energy Inc. is pleased to announce the prompt full repayment of its $3,430,000 high-interest 16%, Gross Overriding Royalty financing. The GORR re-purchase takes advantage of the early payment discount and eliminates the risk of heightened royalties. This GORR re-purchase also satisfies the Company's senior debt requirements. In addition to settling the GORR financing, Prospera has also made [...]
Prospera Energy Inc. Prospera Energy is pleased to announce a 17% working interest increase in its core heavy oil assets. As part of this strategic initiative, Prospera Energy has executed agreements with two joint venture partners. Restructured Prospera has elevated its ownership from an average of 35% WI to the current average 95% WI. Acquisition of 7% Working Interest: Prospera Energy has acquired an additional 7 [...]
Prospera Energy Inc. During the first six months of 2024, Prospera generated positive cash flows of $557,068 from operating activities; a vast improvement from the previous year during the same period. Typically, production rates are burdened by adverse cold weather conditions in these quarters, regardless, Prospera attained the highlights for Q2 2024: Reported net income of $137,933 in Q2 2024 vs. net loss of in Q2 2023 [...]
Final Call for One-on-One Meeting Requests to Presenting Companies by Institutional Investors, Portfolio Managers, Financial Analysts, CIOs, and Other Investment Industry Professionals. World Class Energy Companies to Present; Presentation Times and Schedule for All Participating Companies Posted on the Conference Website www.enercomdenver.com Investors, Analysts, and Energy Industry Professionals Can Still Register to [...]
Investors, Analysts, and Energy Industry Professionals Can Register to Attend at www.enercomdenver.com EnerCom, Inc. is pleased to announce that institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for EnerCom Denver - The Energy Investment Conference can now request One-on-One meetings with senior management teams of participating companies . The [...]
On July 17, 2024, Vittorio Valsecchi acquired 1,850,000 common shares of Prospera Energy Inc. at a price of approximately C$0.08 per Common Share for an aggregate purchase price of C$148,283.81 . The purchased Common Shares were acquired through the facilities of the TSX Venture Exchange. Prior to the Acquisition, Mr. Valsecchi beneficially owned an aggregate of 49,700,000 Common Shares of the Company, representing [...]
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