Business
Prospera Announces New Control Person
CALGARY, AB / ACCESSWIRE / March 20, 2020 / Prospera Energy Inc. (PEI:TSX-V; OF6A:FRA) ("Pros...
About this update from Prospera Energy Inc.
[{"type":"text","content":"Prospera Announces New Control PersonCALGARY, AB / ACCESSWIRE / March 20, 2020 / Prospera Energy Inc. (PEI:TSX-V; OF6A:FRA) (\"Prospera\" or the \"Corporation\") announces that on January 17, 2020, Savi Franz, Chief Financial Officer of the Corporation, became a \"control person\" of the Corporation (as defined by Canadian securities laws) as a result of her acquisition (the \"Acquisition\") of all of the issued and outstanding shares of Taurus Management Inc., a company which holds 2,868,990 common shares in the capital of the Corporation. The Acquisition resulted in Ms. Franz holding 20.94% of the Corporation's issued and outstanding common shares as at January 17, 2020.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:Sarshar AhmadInterim Chief Executive Officer & DirectorEmail: [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 statements.Although 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 nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. These include...