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16:23:06 EST Mon 15 Dec 2025
Enter Symbol
or Name
USA
CA



Prospera Energy Inc
Symbol PEI
Shares Issued 327,420,334
Close 2023-03-23 C$ 0.11
Market Cap C$ 36,016,237
Recent Sedar Documents

Prospera investor Richardson acquires shares, warrants

2023-03-23 13:30 ET - News Release

J. McLellan Subject: George David Richardson Word Document File: '\\swfile\EmailIn\20230323 101149 Attachment Signed News Release for Early Warning Report for Countryman for acquisition of shares on exercise of warrants shares and warrants on conversion of debentures and gran.DOCX' - 1 - CW20021971.1 George David Richardson Files Early Warning Report Acquisition VANCOUVER, March 23, 2023 - George David Richardson (the "Acquiror") announces that effective on March 21, 2023, he acquired ownership, indirectly through Countryman Investment Ltd., a company wholly owned by George David Richardson, of: (i) 10,000,000 common shares (the "Shares") of Prospera Energy Inc. (the "Company") pursuant to the exercise of warrants (the "Warrants") at a price of $0.075 per Share for gross proceeds of $750,000 (the "Warrant Exercise Transaction"); (ii) 2,000,000 Shares and 2,000,000 Warrants pursuant to the conversion of a convertible debenture (the "Debenture") in the principal amount of $100,000 (the "Debenture Conversion Transaction"). The Warrants are exercisable at a price of $0.075 per Share for a period of two years from the date of issue; and (iii) 2,500,000 stock options (the "Options") of which 1,250,000 are fully vested on the date grant and are exercisable at $0.10 per Share for two years from the date of grant and 1,250,000 Options vest quarterly in the first year and are exercisable at $0.125 per Share for a period of three years from the date of grant (the "Option Transaction", and together with the Warrant Exercise Transaction and the Debenture Conversion Transaction, the "Transactions"). Prior to the Transactions, the Acquiror directly and indirectly owned and controlled an aggregate of: 28,630,454 Shares, Debenture in the principal amount of $100,000, 2,000,000 Shares and 2,000,000 Warrants which are issuable on conversion of the Debenture, and 17,731,454 Shares issuable on exercise of the Warrants (including the 2,000,000 Warrants issuable on conversion of the Debenture), which represents 9.1% of the 327,420,334 issued and outstanding Shares as of March 20, 2023, the date prior to the acquisition of the Shares, the Warrants and the Options, on a non-diluted basis. If the Acquiror were to convert the Debenture and exercise the Warrants, the Acquiror will directly and indirectly own and control 48,361,908 Shares or 14.4% of the issued and outstanding Shares calculated on a partially diluted basis. Following the Transactions, the Acquiror directly and indirectly owns and controls an aggregate of: 40,630,454 Shares, 2,500,000 Shares issuable on exercise of the Options, and 7,731,454 Shares issuable on exercise of the Warrants (including the 2,000,000 Warrants issuable on conversion of the Debenture), which represents 12.41% of the 327,420,334 issued and outstanding Shares as of March 21, 2023, the date of the acquisition of the Shares, the Warrants and the Options, on a non-diluted basis. If the Acquiror were to exercise the outstanding the Warrants and the Options, the Acquiror will directly and indirectly own and control 50,861,908 Shares or 15.06% of the issued and outstanding Shares calculated on a partially diluted basis. 10,000,000 Shares were acquired on exercise of the Warrants, 2,000,000 Shares and 2,000,000 Warrants were acquired on conversion of the Debenture and the Options were granted as part of a consulting agreement between the Company and the Acquiror. This investment will be reviewed on a continuing basis by the Acquiror and such holdings may be increased or decreased in the future. The Acquiror may in the future acquire or dispose of the Shares through the open market, privately or otherwise, as circumstances or market conditions warrant. The Acquiror has filed an Early Warning Report pursuant to National Instrument 62-103F1 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with the applicable securities regulatory authorities. A copy of the Early Warning Report is available on SEDAR at www.sedar.com under the profile of the Company. George David Richardson George David Richardson Tel: 604-408-0558 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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