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Prospera Energy Raises $3.6 Million Via Convertible Debt Offering

BY MT Newswires | CORPORATE | 12/15/25 08:06 AM EST

08:06 AM EST, 12/15/2025 (MT Newswires) -- Prospera Energy (GXRFF) over the weekend said it raised $3.6 million after closing its previously announced convertible debt offering.

The company said proceeds were allocated "exclusively" toward strengthening working capital, well reactivations, and production optimization.

It also added that it would be extinguishing $1.5 million of matured convertible debt announced on March 6, along with accrued interest of $559,374.82 as of the note maturity date on March 26. Prospera has entered into agreements with four vendors to settle outstanding trade payables through the issuance of common shares.

It said that the first vendor agreed to settle a total of $12,532.77 through the issuance of 200,000 common shares at $0.063 apiece and the second vendor agreed to settle $83,876.15 through the issuance of 1.7-million common shares at $0.05 apiece. The third vendor agreed to settle $290,000 through the issuance of 5.8-million common shares at $0.05 apiece and the fourth vendor agreed to settle $3,150 through the issuance of 63,000 common shares at $0.05 apiece.

Shares of the company closed unchanged at $0.045 on Friday on the TSX Venture Exchange.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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