VANCOUVER, Feb. 11, 2016 /CNW/ – Hemisphere Energy Corporation (TSX-V: HME) (the “Company”) announces that it has granted incentive stock options to officers, directors, employees, and consultants of the Company, and a company performing investor relations services entitling them to purchase up to a total of 1,785,000 common shares at an exercise price of $0.08 each, pursuant to the Company’s Stock Option Plan for a term of five years and subject to the receipt of the necessary regulatory approvals. In accordance with the Company’s Stock Option Plan, all stock options vest immediately with the exception of those granted to the company providing investor relations services which vest 25% at each three-month interval.
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”.