Business
Prospera Announces Increase in Debenture Offering
CALGARY, AB / ACCESSWIRE / June 11, 2021 / Prospera Energy Inc. (TSXV:PEI)(FRA:OF6A) ("Prospe...
About this update from Prospera Energy Inc.
[{"type":"text","content":"Prospera Announces Increase in Debenture OfferingCALGARY, AB / ACCESSWIRE / June 11, 2021 / Prospera Energy Inc. (TSXV:PEI)(FRA:OF6A) (\"Prospera\" or the \"Corporation\") has received conditional approval from TSX Venture Exchange to increase its debenture offering to a maximum of $1,500,000. The Corporation's non-brokered private placement of 8% convertible debenture was previously announced on May 28, 2021. The principal amount of this financing will be convertible at $0.05 in the first year and $0.10 in the second year. Applicable interest will be payable in cash or shares at the option of the Corporation. It is anticipated that this financing will close next week.Proceeds from this financing will be used for payment of debt, working capital and continuing capital programs, including the optimization of production on all its properties and general working capital.About ProsperaProspera Energy Inc. is a Canadian natural resource corporation engaged in the acquisition, exploration, development and production of oil and gas properties with operations in Alberta and western Saskatchewan.For Further Information:Sandra Lee-ChongCorporate LiaisonEmail: [email protected]: (403) 454-9010Website: www.prosperaenergy.comFORWARD-LOOKING STATEMENTSThis news release contains forward-looking statements relating to the future operations of the Corporation and other statements that are not historical facts. Forward-looking statements are often identified by terms such as \"will\", \"may\", \"should\", \"anticipate\", \"expects\" and similar expressions. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of the Corporation, are forward looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statementsAlthough Prospera believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Prospera can give no assurance that they will prove to be correct. Since forward- looking statements address future events and conditions, by their very n...