New Financing. https://www.accesswire.com/627763/Prospera-Announces-Financings
CALGARY, AB / ACCESSWIRE / February 3, 2021 / Prospera Energy Inc. ("Prospera" or the "Corporation") (TSX-V:PEI)(FRA:OF6A) Prospera Energy Inc. will raise up to $800,000 by way of a non-brokered private placement of units of the corporation at a price of two cents per unit. It is anticipated that this financing will close in multiple tranches with the initial closing expected this week.
Each unit of the offering is composed of one common share of the Corporation and one share purchase warrant. Each warrant will entitle the holder to acquire one additional share in the capital of the Corporation at a price of five cents per warrant for a period of two years from the date the units are issued. The Corporation reserves the right accelerate the expiry of the warrants to 15 days, in the event that the shares trade at $0.10 for five consecutive business days following the expiry of the 4 month hold period.