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Hemisphere Energy renews $12.5 million credit facility
Hemisphere Energy renews $12.5 million credit facility Canada NewsWire VANCOUVER...
About this update from Hemisphere Energy Corp
[{"type":"text","content":"\n\n\n\nHemisphere Energy renews $12.5 million credit facility\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\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, May 8, 2017\n\n\n\nTSX-V: HME\n\n\n\nVANCOUVER, 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.  \n\nFor more detailed information on Hemisphere's exciting development opportunities please see our corporate presentation on our website at www.hemisphereenergy.ca. \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\nNeither 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.\nSOURCE Hemisphere Energy Corporation\n\n\n\nView original content: http://www.newswire.ca/en/releases/archive/May2017/08/c8646.html\n\n\n\n\nDon Simmons, President & Chief Executive Officer, Telephone: (604) 685-9255, Email: [email protected]; Scott Koyich, Investor Relations, Telephone: (403) 619-2200, Email: [email protected]; Website: www.hemisphereenergy.caCopyright CNW Group 2017","length":3021,"tagName":"div"}]