PROSPERA ENERGY INC - GXRFF STOCK NEWS

Prospera Energy Inc. (GXRFF) announced the issuance of share options to employees and management as part of its restructuring plan. A total of 1,250,000 options at $0.10, 400,000 options at $0.11, and 1,523,140 options at $0.125 were granted under its incentive stock option plan. This represents less than 1% dilution of the company’s total shares. The share options aim to help control general administration expenses and support the execution of a high-return capital development program, focusing on environmentally safe operations. Prospera is an oil and gas exploration and development company concentrating on conventional resources in Western Canada.

Forward-looking statements caution that actual results may vary due to inherent risks and uncertainties in the oil and gas industry.

Prospera Energy announces the first closing of a non-brokered private placement financing of CDN $3.015 million to support its 2023 phase 2 capital program. This initiative involves SK HZ and AB directional drilling, an LMR plan aimed at reducing ARO, and enhancing infrastructure for growth. The financing could raise up to CDN $5 million overall, with a focus on minimizing equity dilution, projected at less than 2%.

The offering includes units consisting of common shares and 8% promissory notes. Proceeds will fund infrastructure upgrades, well development, ESG initiatives, and general working capital. The debt financing is subject to TSX Venture Exchange approval.

Prospera Energy Inc. (GXRFF) has announced a non-brokered private placement to raise up to $5 million at an 8% annual interest rate, payable quarterly over two years. The offering aims to bolster its capital development program, targeting significant remaining reserves. Already, $2.5 million has been subscribed. The company emphasizes a minimal dilution strategy, expecting less than 2% equity dilution from this offering. Funds will be allocated to infrastructure upgrades, production growth initiatives, and ESG efforts. Prospera's capitalization is projected at $15 million, driven by positive operational cash flow and a $10 million warrant exercise program.

Prospera Energy Inc. (OTC: GXRFF) has successfully closed a non-brokered private placement, raising $1,314,000 by issuing 17,520,000 units, each consisting of one common share and a partial warrant. The warrant allows subscription for additional shares at $0.09 for two years. The funding aims to support ongoing capital programs and production optimization. White Tundra Investments led the placement without broker fees, securing a strategic partnership for future engineering and business development. Prospera is also exploring additional financing options to minimize shareholder dilution.