Prospera Energy Inc.

Prospera Energy Inc. restructured in the first quarter of 2021. The new management team is focused on improving growth, efficiency, positive business relationships, accountability, and responsibility. PEI has launched a new website reflecting the changes being made within the Company and our direction for the future. This website outlines the Company's current operations, introduces the new leadership team and guiding [...]

Prospera Energy Inc. has entered into Share Debt Agreements dated November 1, 2021, to settle debt for shares with creditors. The total creditors' debt of $1,147,626.53 is being settled in exchange for 6,557,866 common shares at $0.175 per share all subject to approval from TSX Venture Exchange. These share debt settlements will strengthen PEI's balance sheet and allow the Company to focus on cost-efficient production [...]

This press release contains certain updates and forward-looking statements. Towards the 2020 year end, Prospera Energy Inc. found itself in a challenging position. It had become exceedingly difficult to continue operations due to high and long outstanding liabilities. These circumstances were further amplified by the pandemic and drastic reduction in produced volumes. In December 2020, Mr. Samuel David was appointed as [...]

Prospera Energy Inc. has granted and issued incentive stock options to the following Directors of the Board: 100,000 stock options each to Samuel David and Mel Clifford; 50,000 stock options each to Jasdip Dhaliwal, Mark Lacey and Brian McConnell. The stock options were granted in accordance with the Corporation's stock option plan that was approved at the Corporation's Annual and Special Meetings of Shareholders held in [...]

Prospera Energy Inc. has granted and issued incentive warrants to the following: 3,000,000 warrants to Samuel David, President and CEO; 2,000,000 warrants to Matthew Kenna, CFO and 3,000,000 warrants to Quanterra Oil & Gas Ltd. These warrants were approved by Resolution of Directors on March 25, 2021. All warrants noted above are exercisable for a period of five years from the date of issuance at an exercise price of [...]

Prospera Energy Inc. announces the summary of the private placement that commenced May 28, 2021 and was completed July 7, 2021. The Company has announced the completion of the non-brokered private placement of the secured convertible debenture units raised proceeds of $1,506,000. The debentures will bear interest of 8% per annum for a term of two years and be convertible into common share units of the Company at a [...]

Prospera Energy Inc. shareholders voted in favor of all items of business brought before them at the Corporation's Annual General Meeting of Shareholders held on June 30, 2021 in Calgary. Shareholders holding a total of 32,882,732 common shares were represented in person or by proxy at the AGM, accounting for 31.28% of the votes attached to all outstanding common shares of the Corporation as at the record date [...]

Prospera Energy Inc. has received conditional approval from TSX Venture Exchange to increase its debenture offering to a maximum of $1,500,000. The Corporation's non-brokered private placement of 8% convertible debenture was previously announced on May 28, 2021. The principal amount of this financing will be convertible at $0.05 in the first year and $0.10 in the second year. Applicable interest will be payable in cash or [...]

Prospera Energy Inc. announces Mrs. Savitri Franz has stepped down from her role as interim CFO. The Corporation again would like to thank Savitri for her services over the past 15 years. Savitri Franz will continue to be a Director of the Corporation. Mr. Matthew Kenna has been appointed as a CFO of Prospera Energy Inc. Matthew Kenna has over 30 years experience leading organizations and helping them expand, drive [...]

Prospera Energy Inc. has received conditional approval from TSX Venture Exchange to raise up to $1,000,000 by way of non-brokered private placement of 8% convertible debenture. The principal amount of this financing will be convertible at $0.05 in the first year and $0.10 in the second year. Applicable interest will be payable in cash or shares at the option of the Corporation. It is anticipated that this financing will [...]