Convertible Debt OfferingProspera Energy Inc. (TSXV:PEI) is pleased to announce an update regarding its previously announced convertible debt offering on May 12th and September 29th, 2025. Due to strong insider participation and higher-than-expected investor interest, the Corporation has increased the size of its non-brokered private placement of convertible debentures from $3,000,000 to $4,000,000 with a target close date on or before December 14th, 2025. The offering is subject to TSXV acceptance.
Proceeds from the offering will be used to reactivate wells, optimize production, and strengthen working capital. The securities will be offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements under applicable securities legislation. A finder's fee in cash and/or warrants may be paid to eligible finders in connection with the financing. These private placements are offered only in jurisdictions where the Corporation is legally permitted to do so.
Issuer:
Prospera Energy Inc. ("Prospera" or the "Corporation").
Issue:
Convertible Debenture with a three-year term.
Offering Amount:
$4,000,000 CAD (the "Offering").
Conversion Price:
$0.05 if converted within the first year and $0.10 if converted in years two or three; convertible into units consisting of one common share and one warrant exercisable into another common share at $0.05 for a period of three years from initial closing. The Company reserves the right to force conversion in the event that the shares of the Company trade at $0.125 for a period of ten days or more.
Underlying Shares:
Common shares of the Company ...
