Prospera Energy Announces Granting Incentive Share Options
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.
- Issuance of 1,250,000 options at $0.10, 400,000 at $0.11, and 1,523,140 at $0.125 supports employee retention and motivation.
- Total dilution of less than 1% indicates limited impact on existing shareholders.
- Focus on high-return capital development aligns with operational goals.
- Reliance on forward-looking statements may result in underperformance if assumptions prove incorrect.
- Potential risks associated with operational development and fluctuations in commodity prices may affect performance.
CALGARY, Alberta, April 21, 2023 (GLOBE NEWSWIRE) -- Prospera Energy Inc. PEI: TSX-V; OF6A: FRA, OTC: GXRFF
In March 2023, Prospera Energy granted incentive share options to integral employees / consultants and management team members to maintain continuity to execute the restructured Prospera’s development plan.
Prospera has issued a total of 1,250,000 options at
The issuance of PEI’s share options minimizes the rise in the general administration expenses. While in the upcoming warmer months the incentivized PEI team can focus on executing PEI’s high return capital development program ARO reduction liability management ratio plan in a safe and environmentally friendly manner.
About Prospera
Prospera is a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in Western Canada. Prospera will utilize experience and knowledge to develop, acquire, and drill assets with potential for primary and secondary recovery.
For Further Information:
Shawn Mehler, PR
Email: shawn@prosperaenergy.com
Website: www.prosperaenergy.com
FORWARD-LOOKING STATEMENTS
This 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, but are not limited to, risks associated with the oil and gas industry in general (e.g., operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), commodity price and exchange rate fluctuations and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Prospera. As a result, Prospera cannot guarantee that any forward-looking statement will materialize, and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release, and Prospera does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
FAQ
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