Non-brokered offering's proceeds used for exploration and development
By Devika Patel
Knoxville, Tenn., Nov. 14 - Hemisphere Energy Corp. said it settled a C$1.43 million non-brokered private placement of stock. The deal priced for C$1.3 million on Oct. 26.
The company sold 2.2 million flow-through shares at C$0.65 apiece. The price per share is identical to the closing share price on Oct. 25.
Proceeds will be used for exploration and development.
The Vancouver, B.C.-based company explores and develops oil and gas properties.
| Issuer: | Hemisphere Energy Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$1.43 million
|
| Shares: | 2.2 million
|
| Price: | C$0.65
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Oct. 26
|
| Settlement date: | Nov. 14
|
| Stock symbol: | TSX Venture: HME
|
| Stock price: | C$0.65 at close Oct. 25
|
| Market capitalization: | C$23.39 million
|
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