Hemisphere Energy Corporation Announces $1,540,000 in Private Placements

- March 31st, 2011

Hemisphere Energy Corporation (CVE:HME) reports that it has arranged non-brokered private placements.

Hemisphere Energy Corporation (TSXV:HME) reports that it has arranged non-brokered private placements.

The press release is quoted as saying:

The proceeds from these private placements will be used to fund exploration and development expenditures on Hemisphere’s oil and gas properties and for working capital purposes.

Hemisphere is focused on building and developing core areas that provide low to medium risk drilling opportunities to increase production, reserves and cash flow.

Click here to access the entire news release.

Click here to access Hemisphere’s company profile.

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