The TSX Venture Exchange has accepted for filing documentation relating to a securities exchange agreement dated March 5, 2025, and corresponding securities exchange amending agreement dated Aug. 12, 2025, between Prospera Energy Inc., and White Tundra Petroleum Ltd. and its shareholders, including one non-arm's-length party. Pursuant to the terms of the agreement, the company has acquired 100 per cent of the issued and outstanding common shares of White Tundra Petroleum.

Pursuant to the agreement, the acquisition is structured wherein the company settled an initial consideration of $2.62-million, of which $720,000 was satisfied through the issuance 18 million common shares at a deemed price of four cents per common share to the vendor upon closing. In addition, the company is also subject to an additional consideration of $292,500 through the issuance of 7,312,500 common shares at a deemed price of four cents common share as a performance-based bonus. This is contingent on the acquired assets demonstrating production of at least 128 barrels of oil equivalent per day (boe/d) for seven consecutive days within six months of the acquisition date.

For further details, please refer to the company's news release dated March 6, 2025, and Aug. 29, 2025.