Prospera Increases its Interest in Saskatchewan Oil and Gas Properties

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May 21, 2019
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KELOWNA, BC / ACCESSWIRE / May 21, 2019 / Prospera Energy Inc. ("Prospera" or the "Corporation") (PEI:TSX-V; OF6A:FRA) announces that on May 17, 2019 it has completed the acquisition of an additional 15% net working interest from a participating interest holder of the southwest Saskatchewan Hearts Hills and Luseland properties. The purchase price was satisfied by a reduction of the vendors arrears for operational costs of $500,000 and $50,000 cash advanced by an Insider of the Corporation. Prospera has now increased its net working interest in these properties from 35% to 50%. This represents a 150% increase from the 20% net working interest that was originally acquired on June 11, 2018.The properties are located approximately 330 kilometers east of Calgary.