- Prospera Energy (PEI) has closed a non-brokered private placement raising gross proceeds of $1,314,000
- The company issued 17,520,000 units, each consisting of one common share and a partial warrant
- Proceeds will be used for continuing capital programs
- Prospera is an oil and gas exploration, exploitation and development company focused on Western Canada
- Prospera Energy (PEI) opened trading at C$0.105
Prospera Energy (PEI) has closed a non-brokered private placement raising gross proceeds of $1,314,000.
The company issued 17,520,000 units, each consisting of one common share and a partial warrant (0.875:1 warrant to unit ratio). Each whole warrant entitles the holder to subscribe for one additional share at $0.09 for 2 years from closing.
Proceeds will be used for continuing capital programs, including the optimization of production on all its properties and general working capital.
Prospera has coordinated this private placement to accommodate White Tundra Investments as a lead investor. This placement is subject to the approval of the TSX Venture Exchange. White Tundra Investments is expected to be a strategic partner for both engineering support and business development initiatives moving forward.
Prospera has received a number of other financing offers and is reviewing each to determine which, if any, will meet the corporation’s needs.
Prospera is an oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada.
Prospera Energy Inc. (PEI) opened trading at C$0.105.