Prospera Energy , with a $1.8 million investment, has successfully completed the acquisition of interests in its Hearts Hill , Luseland and Cuthbert properties in Saskatchewan and Alberta, successfully enhancing its service platform.
Expansion and optimization of the service platform
During the first quarter of 2025, Prospera Energy made progress in optimizing its service platforms . This included completing 32 repairs and restarts before the scheduled spring break break. Work also included 16 restarts at Hearts Hill, 11 at Luseland, and five at Cuthbert.
Separately, Prospera Energy has successfully closed a transaction with a joint venture partner to acquire a 10% stake in the Hearts Hill , Luseland , and Cuthbert properties for a total consideration of $1,792,646. This transaction includes a combination of cash consideration, share issuance, and debt forgiveness. Warrants were also granted, allowing holders to purchase shares at differentiated prices over the next two years.
In addition to the acquisitions, the company has implemented strategic modifications to its outstanding warrants . The expiration date has been extended to February 2026, while a portion of the warrants have been revalued at a more attractive price for investors. This restructuring strengthens the company’s financial stability while allowing greater flexibility for shareholders.
As part of its growth strategy, Prospera has granted a total of 2,000,000 stock options to its employees. These options, with an exercise price of $0.05 , are granted as part of its executive team incentive plan and will be available for exercise over a three-year period.
Finally, the company has completed a debt settlement through the issuance of 1,455,309 common shares , valued at $72,765.48. This financial restructuring effort allows Prospera to continue moving forward with greater flexibility in its operations , eliminating prior obligations while maintaining a more efficient capital structure.
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Source and photo: Prospera Energy / PDF
