Prospera Energy Inc. has increased its non-brokered private placement of convertible debentures from $3,000,000 to $4,000,000 due to strong insider participation and investor interest. The offering is subject to TSXV acceptance and is targeted to close on or before December 14th, 2025. The proceeds will be used for well reactivation, production optimization, and working capital. In addition, Prospera has settled outstanding trade payables with four vendors through the issuance of common shares. The company specializes in the exploration, development, and production of crude oil and natural gas, with core properties in Saskatchewan and Alberta.

The convertible debenture has a three-year term and is unsecured, with a conversion price of $0.05 in the first year and $0.10 in the following two years. Interest is set at 12% and may be paid in cash or shares at the company’s discretion. The company may pay finders a fee of 7% cash and 7% warrants. Prospera reports gross production at the first point of sale and is listed on the TSXV under the symbol PEI and the U.S. OTC Market under GXRFF. The company’s forward-looking statements address future operations and plans, highlighting potential risks and uncertainties in the oil and gas industry.

Read more at GlobeNewswire: Prospera Announces Financing Update