Prospera Energy Inc. increases loan amount and settles tradable payable using common shares.

From GlobeNewswire: 2025-01-23 20:03:29

Prospera Energy Inc. announces the amendment of its $12,200,000 promissory note, increasing the total to $12,950,000. The loan will fund a workover program in Heart’s Hill and Luseland properties to drive additional cash flow and production sustainability. Additionally, the company settled a $75,000 trade payable with a vendor by issuing 1,250,000 common shares at $0.06 per share. Prospera Energy specializes in oil and gas exploration, development, and production in Saskatchewan and Alberta. The company aims to optimize recovery from legacy fields using environmentally safe practices. Forward-looking statements caution investors about potential risks and uncertainties in the industry.



Read more at GlobeNewswire: Prospera Energy Inc. Announces Loan Amendment and Shares