Here’s a summary of the press release from Prospera Energy Inc.:
Prospera Energy Inc. Private Placement Update
Date: September 9, 2026
Location: Calgary, Alberta
Key Highlights:
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Private Placement:
- Prospera is conducting a non-brokered private placement up to 400,000,000 units priced at $0.03 per unit, aiming for total gross proceeds of up to $12 million.
- The terms of this offering are consistent with those announced previously (June 29, August 3, and 29, 2026), with no securities issued from the earlier announcements.
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Unit Composition:
- Each unit consists of one common share and one warrant.
- Each warrant allows the purchase of one additional common share at $0.05 for a duration of two years post-closing.
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Jurisdiction:
- The offering is available to qualified purchasers in jurisdictions permitted by law.
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Approval & Hold Period:
- The offering is pending approval from the TSX Venture Exchange.
- Shares issued will be subject to a statutory hold period of four months and one day.
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Use of Proceeds:
- Funds will support reactivation and optimization of oil wells, specifically:
- The Luseland Well Reactivation Program
- The Luseland Well Optimization Program
- The Cuthbert Workover Program
- Funds will support reactivation and optimization of oil wells, specifically:
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Finder’s Fees:
- Prospera may pay qualified finders a fee of 7% of cash proceeds and issue warrants equal to 7% of units sold.
Additional Information:
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Shares for Debt:
- Prospera engaged in agreements with vendors to settle $202,531.31 in debts via issuing shares. A detailed breakdown is provided of how outstanding debts will be satisfied.
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Company Overview:
- Prospera Energy Inc. specializes in the exploration and production of crude oil and natural gas, focusing on environmentally safe practices. It operates primarily in Saskatchewan and Alberta.
Contact Information:
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For inquiries:
Shawn Mehler, PR
Email: shawn@prosperaenergy.comChris Ludtke, CFO
Email: cludtke@prosperaenergy.comShubham Garg, Chairman
Email: sgarg@prosperaenergy.com
Forward-Looking Statements:
The release includes forward-looking statements that involve risks and uncertainties, cautioning readers against undue reliance on these expectations.
For the full announcement, refer to Prospera Energy’s news release.