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Hemisphere Energy Cancels Certain Stock Options
Hemisphere Energy Cancels Certain Stock Options Hemisphere Energy Cancels Certain ...
About this update from Hemisphere Energy Corp
[{"type":"text","content":"\n\n\n\nHemisphere Energy Cancels Certain Stock Options\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n\n\n\n\n\n\nHemisphere Energy Cancels Certain Stock Options\nCanada NewsWire\nVANCOUVER, Feb. 12, 2016\n\n\n\nTSX-V: HME\n\n\n\nVANCOUVER, Feb. 12, 2016 /CNW/ - Hemisphere Energy Corporation (TSX-V: HME) (the \"Company\") announces that it has cancelled a total of 2,395,000 incentive stock options granted under its Stock Option Plan to certain officers, directors, employees and consultants who voluntarily returned these options to the Company.  The cancelled options were granted from April 2012 to October 2014 and were exercisable at prices ranging from $0.50 to $0.65 for a period of five years from the date of grant.  Following the cancellation, the Company has 5,335,000 stock options outstanding at a weighted-average price of $0.33.\n\nAbout Hemisphere Energy Corporation\n\nHemisphere 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\".\n\nForward-looking Statements\n\nThis news release contains \"forward-looking statements\" that are based on Hemisphere's current expectations, estimates, forecasts and projections. These forward-looking statements include statements regarding Hemisphere's outlook for our future operations, plans and timing for the commencement or advancement of exploration and development activities on our properties, and other expectations, intention and plans that are not historical fact. The words \"estimates\", \"projects\", \"expects\", \"intends\", \"believes\", \"plans\", or their negatives or other comparable words and phrases are intended to identify forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other fa...