Vancouver, British Columbia–(Newsfile Corp. – June 2, 2025) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) announces the results of its Annual General and Special Meeting of Shareholders (“AGSM”) that was held today.
A total of 41,688,604 common shares were voted at the AGSM, representing 43.07% of total shares issued and outstanding as at the April 14, 2025 record date of the AGSM.
Shareholders voted in favour of all items considered at the AGSM, including:
- Fix the Number of Directors: The number of directors of the Company was set at six (6).
- Election of Directors: The following individuals were elected to the Board of Directors of the Company for the ensuing year: Charles O’Sullivan, Don Simmons, Frank Borowicz, Bruce McIntyre, Gregg Vernon, and Richard Wyman.
- Appointment of Auditor: Shareholders approved the reappointment of KPMG LLP as auditors of the Company for the ensuing year at a remuneration to be fixed by the Board of Directors.
- Approval of Amended and Restated Stock Option Plan: Shareholders passed an ordinary resolution ratifying, confirming and approving the Company’s Amended and Restated Stock Option Plan.
- Approval of Bonus Award Incentive Plan: Shareholders passed an ordinary resolution ratifying, confirming and approving the Company’s Bonus Award Incentive Plan.
- Ratification of RSU Grants: Disinterested Shareholders passed an ordinary resolution approving, confirming and ratifying the grant of an aggregate of 1,221,000 restricted share units.
About Hemisphere Energy Corporation
Hemisphere is a dividend-paying Canadian oil company focused on maximizing value-per-share growth with the sustainable development of its high netback, ultra-low decline conventional heavy oil assets through polymer flood enhanced oil recovery methods. Hemisphere trades on the TSX Venture Exchange as a Tier 1 issuer under the symbol “HME” and on the OTCQX Venture Marketplace under the symbol “HMENF”.
For further information, please visit the Company’s website at www.hemisphereenergy.ca to view its corporate presentation or contact:
Don Simmons, President & Chief Executive Officer
Telephone: (604) 685-9255
Email: info@hemisphereenergy.ca
Website: www.hemisphereenergy.ca
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.
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