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.
For more detailed information on Hemisphere's exciting development opportunities please see our corporate presentation on our website at www.hemisphereenergy.ca.
About Hemisphere Energy Corporation
Hemisphere Energy Corporation is a Canadian oil and gas company focused on increasing oil production and reserves. Hemisphere's experienced team is dedicated to creating shareholder value through executing strategic acquisitions and farm-ins that provide low-risk drilling opportunities. Hemisphere's core operations are in the Jenner and Atlee Buffalo areas in southeast Alberta.
SOURCE: Hemisphere Energy Corporation
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