Advertisement
Canada markets close in 3 hours 51 minutes

  • S&P/TSX

    21,956.40
    +71.02 (+0.32%)
     

  • S&P 500

    5,100.86
    +52.44 (+1.04%)
     

  • DOW

    38,240.23
    +154.43 (+0.41%)
     

  • CAD/USD

    0.7310
    -0.0013 (-0.17%)
     

  • CRUDE OIL

    84.05
    +0.48 (+0.57%)
     

  • Bitcoin CAD

    86,699.45
    -1,140.27 (-1.30%)
     

  • CMC Crypto 200

    1,322.66
    -73.88 (-5.29%)
     

  • GOLD FUTURES

    2,348.90
    +6.40 (+0.27%)
     

  • RUSSELL 2000

    1,996.36
    +15.24 (+0.77%)
     

  • 10-Yr Bond

    4.6710
    -0.0350 (-0.74%)
     

  • NASDAQ

    15,925.04
    +313.28 (+2.01%)
     

  • VOLATILITY

    15.31
    -0.06 (-0.39%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     
MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Results from 'Magnificent Seven' duo show cloud revenue boosted by strong AI demand

Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders

Newsfile Corp.
·1 min read

Vancouver, British Columbia--(Newsfile Corp. - June 1, 2023) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces the results of its Annual General and Special Meeting of Shareholders (the "Meeting") that was held today.

A total of 41,139,641 common shares were voted, representing 41 percent of total shares issued and outstanding as at the April 14, 2023 record date of the Meeting.

Shareholders voted in favour of all items put forward by the Company's Board of Directors and management, including:

  1. Fixed the number of directors of the Company at six (6);

  2. Elected the following directors of the Company for the ensuing year: Charles O'Sullivan, Don Simmons, Frank Borowicz, Bruce McIntyre, Gregg Vernon, and Richard Wyman;

  3. Appointed KPMG LLP as auditors of the Company for the ensuing year at a remuneration to be fixed by the Board of Directors; and

  4. Passed an ordinary resolution approving the renewal of the Company's Stock Option Plan.

ADVERTISEMENT

About Hemisphere Energy Corporation

Hemisphere is a dividend-paying Canadian oil company focused on maximizing value per share growth with the sustainable development of its high netback, low decline conventional heavy oil assets through polymer flood enhanced recovery methods. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol "HME" and on the OTCQX Venture Marketplace under the symbol "HMENF".

For further information, please visit the Company's website at www.hemisphereenergy.ca to view its corporate presentation or contact:

Don Simmons, President & Chief Executive Officer
Telephone: (604) 685-9255
Email: info@hemisphereenergy.ca

Website: www.hemisphereenergy.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/168438