Calgary, Alberta — January 19, 2026 — Leads & Copy — Prospera Energy Inc. is set to bolster its production growth and financial standing through a non-brokered private placement, aiming to raise $3.0 million.
The company intends to use the proceeds from the offering to support production growth, working capital and liquidity.
Each unit in the offering is priced at $0.035 and includes one common share and one common share purchase warrant. The warrants allow the holder to buy an additional common share at $0.05 within two years, subject to certain conditions.
Prospera anticipates securing additional debt funding upon deploying a portion of the equity capital, which is expected to create a balanced capital structure.
The net proceeds from the offering will be used to fund the Luseland Well Reactivation Program, the Luseland Well Optimization Program, and the Cuthbert Workover Program.
During 2025, Prospera focused on upgrading and optimizing its field-level infrastructure, which has allowed the company to direct incremental capital towards bringing additional wells and production online.
Prospera Energy also provided an operations update, highlighting the success of its corporate reactivation strategy, which focuses on applying modern techniques to legacy wells to increase production and cash flow.
The company’s Luseland strategy involves reactivating dormant wells, which has led to increased production, cash flows, and reserves. Several wells have been brought back online with results that show the immense untapped value within Prospera’s fields, giving the company the confidence to aggressively pursue further optimization and reactivation work.
Prospera is also focused on maximizing value through modernization and optimization in its Cuthbert pool, where production has grown from 40 m³/d (252 bbl/d) to 64 m³/d (403 bbl/d) due to field optimizations and infrastructure upgrades.
The operational success is translating into financial strength, with the reactivation program increasing production volumes and generating net profits.
Looking ahead, Prospera aims to continue executing its strategy to unlock further value from its remaining wells and drive sustainable production growth.
Prospera is launching a monthly conference call where senior management will discuss operations, financial metrics, and future plans. The initial call is scheduled for January 21st.
Prospera has entered into agreements with two vendors to settle outstanding trade payables through the issuance of common shares.
The company has amended the terms of outstanding common share purchase warrants, extending the expiry date by one year, subject to the acceptance of the TSX Venture Exchange.
Additionally, Prospera Energy Inc. announced a further amendment to its promissory note, increasing the total principal amount to $19,700,000. The proceeds are earmarked specifically towards production-increasing capital projects.
Prospera Energy Inc. specializes in the exploration, development, and production of crude oil and natural gas, with core properties in Saskatchewan and Alberta.
Shawn Mehler, PR
Email: shawn@prosperaenergy.com
Chris Ludtke, CFO
Email: cludtke@prosperaenergy.com
Shubham Garg, Chairman of the Board
Email: sgarg@prosperaenergy.com
Source: Prospera Energy Inc.
