08:42 AM EST, 11/13/2025 (MT Newswires) -- Prospera Energy ( GXRFF ) said overnight Wednesday that it upsized its previously announced private placement of convertible debentures to C$4 million from $3 million, citing strong insider participation and higher-than-expected investor interest.

The company will use the proceeds to reactivate wells, optimize production, and strengthen working capital.

The conversion price of the debentures is $0.05 if converted within the first year and $0.10 if converted in years two or three.

The debentures are convertible into units consisting of one share and one warrant, exercisable into another share at $0.05 for three years.

The company can force conversion in the event that its shares trade at $0.125 for a period of 10 days or more.

Closing is expected Dec. 14.