Core Points - Prospera Energy Inc. has increased its convertible debt offering from $3,000,000 to $4,000,000 due to strong insider participation and investor interest, with a target close date on or before December 14, 2025 [1][2] - The proceeds from the offering will be utilized for well reactivation, production optimization, and strengthening working capital [2][3] - The convertible debenture has a three-year term with a conversion price of $0.05 in the first year and $0.10 in the subsequent years, and it carries a 12% interest rate [3] Offering Details - The offering amount is set at $4,000,000 CAD, and the securities will be offered to qualified purchasers under applicable securities legislation exemptions [2][3] - The convertible debenture will be unsecured, and the company may pay finders a fee of 7% in cash and 7% in warrants [3] - The conversion price and warrants are subject to standard anti-dilution adjustments [3] Debt Settlements - Prospera has entered into agreements with four vendors to settle outstanding trade payables through the issuance of common shares, totaling $82,143.84 across various share prices [4] - The shares issued for debt settlements will be subject to a trading restriction of four months and a day from the date of issuance [4] Company Overview - Prospera Energy Inc. is a publicly traded Canadian energy company focused on the exploration, development, and production of crude oil and natural gas, with core properties located in Saskatchewan and Alberta [5] - The company aims to optimize recovery from legacy fields using environmentally safe and efficient methods [5]