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Prospera Energy Announces Financing Update
- PEI.V
- GXRFF
- OF6B.F
Calgary, Alberta–(Newsfile Corp. – September 9, 2026) – Prospera Energy Inc. (TSXV: PEI) (OTC Pink: GXRFF) (“Prospera“, “PEI“, the “Corporation“, or the “Company“)
Private Placement Update
Prospera announces a non-brokered private placement of up to 400,000,000 units at $0.03 per unit for aggregate gross proceeds of up to $12.0 million. The offering carries the same terms announced on August 29th, 2026 and is being filed with the TSX Venture Exchange as a new private placement in accordance with Exchange policy. It replaces the unit offering previously announced on June 29th, August 3rd and August 29th, 2026, which has been terminated and under which no securities were issued.
Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of $0.05 for a period of two years following closing. The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The private placement is offered in jurisdictions where the Corporation is legally allowed to do so. All securities issued under the Offering will be subject to a statutory hold period of four months and one day from the date of closing in accordance with applicable Canadian securities laws. The Offering remains subject to the approval of the TSX Venture Exchange.
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Prospera Energy Inc. (“Prospera”, “PEI”, or the “Corporation”); |
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Non-brokered offering (the “Offering”) of units (“Units”). Each Unit will consist of (i) one common share of the Company and (ii) one common share purchase warrant (the “Warrant”). Each Warrant shall entitle the holder to acquire one additional common share of the Company at an exercise price of $0.05 for a period of two years from the date of issuance thereof. The Warrants shall be transferable and shall not be listed on any stock exchange; |
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The net proceeds from the Offering will be used towards (i) The Luseland Well Reactivation Program, focused on bringing previously shut-in heavy-oil wells back on production; (ii) The Luseland Well Optimization Program, focused on installing additional recycle pumps and performing pump-upsize projects, including sand cleanouts, on currently active wells; and (iii) The Cuthbert Workover Program, consisting of targeted workovers and optimization activities on shut-in wells to restore and improve production; |
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The Units are eligible for TFSA, RRSP, RESP, RRIF, RDSP, FHSA and DPSP Accounts for qualified Investors; |
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The Units issued will be subject to a hold period of four months and one day from the date of issuance; |
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The Company may pay qualified finders a fee of (i) 7% of the aggregate cash proceeds received from the sale of the Offered Securities and a number of warrants equal to 7% of the aggregate number of Units issued under the Offering. Each warrant will entitle the holder to acquire one common share of the Issuer at any time for a period of two (2) years from the date of issuance at a price of $0.05; |
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The Warrant exercise price will also be subject to standard anti-dilution adjustments upon, inter alia, share consolidations, share splits, spin-off events, rights issues and reorganizations; |
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The Offering shall close on or before September 30, 2026, or such other date as the Issuer may deem appropriate and may be closed in one or more tranches. Closing is subject to TSX approval. |
