Prospera Energy Inc (TSE:PEI) has released an update.
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Prospera Energy Inc. has announced a management cease trade order issued by the Alberta Securities Commission, which restricts the corporation’s CEO and CFO from trading its securities until required financial documents for 2023 are filed. The company expects to meet the May 31, 2024, deadline and is issuing bi-weekly updates in compliance with the NP 12-203 guidance. Additionally, Prospera is progressing through a three-stage restructuring process, focusing on sustainable development and aiming for a balanced mix of oil and gas production.
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