Prospera Energy Announces Granting Incentive Share Options
April 21 2023 - 5:45PM
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 $0.10 and 400,000 options at $0.11 and 1,523,140 at $0.125
pursuant to its incentive stock option plan (“Plan”) to management,
employees and consultants. Each option entitles the holder to
subscribe for one common share of the Company for a period of 5
years, subject to the terms of the Plan. The total dilution
associated with these options is less than 1% of total shares
outstanding.
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.comWebsite: 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.
Prospera Energy (TSXV:PEI)
Historical Stock Chart
From Sep 2024 to Oct 2024
Prospera Energy (TSXV:PEI)
Historical Stock Chart
From Oct 2023 to Oct 2024