Hemisphere Energy Declares Special Dividend
Hemisphere Energy (TSXV: HME) (OTCQX: HMENF) has announced a special dividend of C$0.03 per common share, demonstrating the company's strong financial position and performance outlook. The special dividend will be distributed on April 28, 2025, to shareholders of record as of April 17, 2025.
This special dividend comes in addition to the company's existing quarterly base dividend of C$0.025 per common share and is designated as an eligible dividend for Canadian income tax purposes.
Hemisphere Energy (TSXV: HME) (OTCQX: HMENF) ha annunciato un dividendo speciale di C$0,03 per azione ordinaria, dimostrando la forte posizione finanziaria e le prospettive di performance dell'azienda. Il dividendo speciale sarà distribuito il 28 aprile 2025 agli azionisti registrati al 17 aprile 2025.
Questo dividendo speciale si aggiunge al dividendo base trimestrale esistente di C$0,025 per azione ordinaria ed è designato come dividendo idoneo ai fini fiscali canadesi.
Hemisphere Energy (TSXV: HME) (OTCQX: HMENF) ha anunciado un dividendo especial de C$0,03 por acción ordinaria, lo que demuestra la sólida posición financiera y las perspectivas de rendimiento de la empresa. El dividendo especial se distribuirá el 28 de abril de 2025 a los accionistas registrados a partir del 17 de abril de 2025.
Este dividendo especial se suma al dividendo base trimestral existente de C$0,025 por acción ordinaria y está designado como un dividendo elegible para fines fiscales canadienses.
헤미스페어 에너지 (TSXV: HME) (OTCQX: HMENF)는 C$0.03의 특별 배당금을 발표하며 회사의 강력한 재무 상태와 성과 전망을 보여주었습니다. 특별 배당금은 2025년 4월 28일에 2025년 4월 17일 기준 주주에게 분배됩니다.
이 특별 배당금은 회사의 기존 분기 기본 배당금인 C$0.025에 추가되며, 캐나다 소득세 목적에 맞는 적격 배당금으로 지정됩니다.
Hemisphere Energy (TSXV: HME) (OTCQX: HMENF) a annoncé un dividende spécial de C$0,03 par action ordinaire, démontrant la solide position financière et les perspectives de performance de l'entreprise. Le dividende spécial sera distribué le 28 avril 2025 aux actionnaires inscrits au 17 avril 2025.
Ce dividende spécial s'ajoute au dividende de base trimestriel existant de C$0,025 par action ordinaire et est désigné comme un dividende éligible aux fins fiscales canadiennes.
Hemisphere Energy (TSXV: HME) (OTCQX: HMENF) hat eine sonstige Dividende von C$0,03 pro Stammaktie angekündigt, was die starke finanzielle Lage und die Leistungsaussichten des Unternehmens unter Beweis stellt. Die sonstige Dividende wird am 28. April 2025 an die zum 17. April 2025 registrierten Aktionäre ausgezahlt.
Diese sonstige Dividende kommt zusätzlich zur bestehenden vierteljährlichen Basisdividende von C$0,025 pro Stammaktie und ist für kanadische Einkommenssteuerzwecke als berechtigte Dividende ausgewiesen.
- Declaration of special dividend of C$0.03 per share
- Maintains regular quarterly dividend of C$0.025 per share
- Strong financial position indicated by ability to pay additional dividend
- None.
Vancouver, British Columbia--(Newsfile Corp. - April 3, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") is pleased to announce that its board of directors has approved the declaration of a special dividend to shareholders.
Special Dividend
Given the strong financial position and performance outlook of the Company, Hemisphere's board of directors has approved the declaration of a special dividend of C
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 EOR 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
Forward-looking Statements
Certain statements included in this news release constitute forward-looking statements or forward-looking information (collectively, "forward-looking statements") within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "anticipate", "continue", "estimate", "expect", "forecast", "may", "will", "project", "could", "plan", "intend", "should", "believe", "outlook", "potential", "target" and similar words suggesting future events or future performance. In particular, but without limiting the generality of the foregoing, this news release includes forward-looking statements including that a special dividend will be paid to shareholders on April 28, 2025, to shareholders of record on April 17, 2025.
Forward‐looking statements are based on a number of material factors, expectations or assumptions of Hemisphere which have been used to develop such statements and information, but which may prove to be incorrect. Although Hemisphere believes that the expectations reflected in such forward‐looking statements or information are reasonable, undue reliance should not be placed on forward‐looking statements because Hemisphere can give no assurance that such expectations will prove to be correct. In addition to other factors and assumptions which may be identified herein, assumptions have been made regarding, among other things: the timing for payment of the special dividend; the general continuance of current industry conditions; the timely receipt of any required regulatory approvals; the ability of Hemisphere to obtain qualified staff, equipment and services in a timely and cost efficient manner; drilling results; the ability of the operator of the projects in which Hemisphere has an interest in to operate the field in a safe, efficient and effective manner; the ability of Hemisphere to obtain financing on acceptable terms; field production rates and decline rates; the ability to replace and expand oil and natural gas reserves through acquisition, development and exploration; the timing and cost of pipeline, storage and facility construction and expansion and the ability of Hemisphere to secure adequate product transportation; future commodity prices; currency, exchange and interest rates; regulatory framework regarding royalties, taxes and environmental matters in the jurisdictions in which Hemisphere operates; and the ability of Hemisphere to successfully market its oil and natural gas products.
The forward‐looking statements included in this news release are not guarantees of future performance and should not be unduly relied upon. Such information and statements, including the assumptions made in respect thereof, involve known and unknown risks, uncertainties and other factors that may cause actual results or events to defer materially from those anticipated in such forward‐looking statements including, without limitation: changes in project timelines and workstreams; changes in commodity prices; changes in the demand for or supply of Hemisphere's products, the early stage of development of some of the evaluated areas and zones; unanticipated operating results or production declines; changes in tax or environmental laws, royalty rates or other regulatory matters; changes in development plans of Hemisphere or by third party operators of Hemisphere's properties, increased debt levels or debt service requirements; inaccurate estimation of Hemisphere's oil and gas reserve volumes; limited, unfavourable or a lack of access to capital markets; increased costs; a lack of adequate insurance coverage; the impact of competitors; and certain other risks detailed from time‐to‐time in Hemisphere's public disclosure documents, (including, without limitation, those risks identified in this news release and in Hemisphere's Annual Information Form).
The forward‐looking statements contained in this news release speak only as of the date of this news release, and Hemisphere does not assume any obligation to publicly update or revise any of the included forward‐looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/247165