Prospera Energy Inc. announced a non-brokered private placement of non-convertible debt for the gross proceeds of up to CAD 3,000,000 on September 27, 2023. The offering holders will bear an interest rate of 14% per annum, with interest payments to be made quarterly for a term of two years. In addition to interest, holders will receive one common share for CAD 1 of principal advanced, at the time of investment.

The company has already received multiple lead orders of CAD 1 million plus toward this offering. Insiders may participate in this offering. This offering is subject to approval from the TSX Venture Exchange.