Prospera Energy Inc.

On January 7, 2025, Vittorio Valsecchi, through Valsecchi Immobilien AG, a company under Mr. Valsecchi's control and direction, acquired 1,200,000 common shares of Prospera Energy Inc. ; ; at a price of approximately C$0.035 per Common Share for an aggregate purchase price of C$42,489.42 . The purchased Common Shares were acquired through the facilities of the TSX Venture Exchange. Prior to the Acquisition, Mr. Valsecchi [...]

Prospera Energy Inc. Loan Amendment Update The Corporation announces that it has amended its $11,000,000 promissory note, originally dated July 7, 2024, in collaboration with its principal lender. The principal balance, which was previously increased by $500,000 to $11,500,000, has now been further increased by an additional $700,000, bringing the total principal amount to $12,200,000 as of December 16, 2024. The note [...]

Prospera Energy Inc. Prospera Energy is pleased to announce the completion and continuation of production optimization activities in its heavy oil properties, with both immediate increases in production and bolstering of field uptime and reliability. Five wells have been successfully completed with the service rig out of an eight well program, with a focus on pump changes, rod repairs, and tubing cleanouts. Additionally [...]

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 [...]