Hemisphere Energy Corporation has closed the bought deal equity financing announced on November 21, 2013 (the "Offering"). The Company issued 4,182,550 units, comprised of one common share and one half of one warrant of Hemisphere (together, the "Units") at a price of $0.55 per Unit and 3,077,000 common shares to be issued on a "CEE flow-through" basis (the "CEE Flow-Through Shares") at a price of $0.65 per CEE Flow-Through Share for aggregate gross proceeds of $4,300,453. Each whole warrant will entitle the holder to acquire one common share of the Company at a price of $0.75 per common share expiring 12 months after the closing of the Offering.

The Offering was underwritten by a syndicate of underwriters led by Canaccord Genuity Corp. and including Integral Wealth Securities Ltd. and MGI Securities Inc.

Tags: Hemisphere Energy Corporation