From GlobeNewswire.: 2024-04-27 11:21:00

Prospera Energy Inc. has settled claims from a former executive by paying $120,000 over 6 months and issuing 2,181,818 common shares at $0.055 per share, pending TSX Venture Exchange approval. The company is focused on optimizing recovery from legacy fields using environmentally safe methods and is in the midst of a three-stage restructuring process to accelerate growth and reduce liabilities. Prospera aims to achieve a product mix of 50% light oil, 40% heavy oil, and 10% gas while minimizing its environmental footprint and investing in ESG methods to enhance margins. For more information, visit www.prosperaenergy.com.



Read more at GlobeNewswire.: Prospera Energy Inc. Debt Settlement