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Prospera Energy Inc. Announces Share Debt Settlement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES ...
About this update from Prospera Energy Inc.
[{"type":"text","content":"Prospera Energy Inc. Announces Share Debt SettlementNOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESCALGARY, AB, / ACCESSWIRE / November 1, 2021 / Prospera Energy Inc. (TSXV:PEI)(FRA:0F6A):Prospera Energy Inc. (\"PEI\" or the \"Company\") has entered into Share Debt Agreements dated November 1, 2021, to settle debt for shares with creditors. The total creditors' debt of $1,147,626.53 is being settled in exchange for 6,557,866 common shares at $0.175 per share all subject to approval from TSX Venture Exchange. These share debt settlements will strengthen PEI's balance sheet and allow the Company to focus on cost-efficient production optimization.About ProsperaProspera is a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada. Prospera will use its experience to develop, acquire and drill assets with potential for primary and secondary recovery.For further information:Sandra Lee-Chong, Corporate LiaisonTel: (403) 454-9010email: [email protected]: 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 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 n...