Prospera Energy Targets Production Growth with New Financial Initiatives

Prospera Energy Inc., a Canadian energy company, announces a series of financial and acquisition updates. It expects to close its initial non-brokered unit offering, estimated to raise $500,000, with each unit priced at $1,000. This unit includes a secured promissory note with a 12% interest rate and purchase warrants. The offering, capped at $1,500,000, is subject to regulatory acceptance. Prospera has amended a promissory note with its principal lender, increasing it to $11,500,000, maintaining original terms. Additionally, Prospera updates on its acquisition of a 10% working interest in certain properties, costing $1,792,646. This payment involves a combination of cash, equity, and warrants, alongside forgiving a $1,192,646 debt owed by a joint venture partner. These activities are positioned to optimize production and fulfill working capital needs, as they await further regulatory acceptance.