12:12 PM EST, 01/10/2025 (MT Newswires) -- Prospera Energy ( GXRFF ) on Friday said it appointed Darren Jackson as its Chief Operating Officer (COO) effective Jan. 1.

Jackson will oversee the company's day-to-day operations, strategic initiatives, regulatory compliance, field optimization programs, and drive operational excellence.

In other news, Prospera completed its non-brokered unit offering for $900,000. Each unit, priced at $1,000 per unit, consists of a one-year secured promissory note with a principal amount of $1,000, carrying a 12% annual interest rate, and 5,000 common share purchase warrants of the corporation exercisable at $0.05 for a period of three years.

Subscribers are entitled to a 5% gross overriding royalty (GORR) for every $1 million of principal investment on revenue from all Prospera properties on incremental production above 1,363 barrels per day, calculated on a monthly average until the principal debt is fully repaid.

Prospera also announced amendments to the terms of 15.33 million currently outstanding warrants, and will have their maturity date extended by one year from Feb. 14 to Feb. 14, 2026. Additionally, the exercise price per warrant will be decreased from $0.09 to $0.06.

The company's shares were up $0.005 to $0.04 on the TSX Venture Exchange.