Canada NewsWire
VANCOUVER, May 8, 2017
TSX-V: HME
VANCOUVER, May 8, 2017 /CNW/ - Hemisphere Energy
Corporation ("Hemisphere" or the "Company") (TSX-V: HME) is pleased to announce the renewal of its credit facility.
Following the annual review with its lender, the borrowing base under Hemisphere's credit facility was reaffirmed and maintained
at $12.5 million. All covenants and applicable margins on borrowing costs remain unchanged. As at
May 5, 2017, the Company has drawn approximately $10.2 million on the
credit facility.
For more detailed information on Hemisphere's exciting development opportunities please see our corporate presentation on our
website at www.hemisphereenergy.ca.
About Hemisphere Energy Corporation
Hemisphere Energy Corporation is a producing oil and gas company focused on developing conventional oil assets with low risk
drilling opportunities. Hemisphere plans continual growth in production, reserves, and cash flow by drilling existing projects
and executing strategic acquisitions. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol
"HME".
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.
SOURCE Hemisphere Energy Corporation
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