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Microcap Report: Hemisphere Energy (V.HME) active on financing news

Stockhouse Editorial
0 Comments| April 25, 2014

Hemisphere Energy (TSX:V.HME, Stock Forum) eased 5% to 79 cents Friday after the Vancouver-based firm announced that it has had entered into an agreement with a syndicate of underwriters led by Canaccord Genuity.

According to the news release, the underwriters have agreed to acquire on a bought-deal basis, 13,333,500 common shares of the company at a rate of $0.75 per common share for aggregate gross proceeds of $10,000,125.

Select Canadian Small/Micro-cap Advancers (as of 4:00 PM Eastern)
Nautilus Minerals Inc. (T.NUS, Stock Forum) 20.00%
Gear Energy Ltd. (T.GXE, Stock Forum) 17.32%
Romarco Minerals Inc. (T.R, Stock Forum) 13.16%
American Vanadium Corp. (V.AVC, Stock Forum) 12.50%
Spectra7 Microsystems Inc. (V.SEV, Stock Forum) 11.11%
Select Canadian Small/Micro-cap Decliners (as of 4:00 PM Eastern)
Golden Tag Resources Ltd. (V.GOG, Stock Forum) -20.00%
Falcon Oil & Gas Ltd. (V.FO, Stock Forum) -19.44%
Americas Petrogas Inc. (V.BOE, Stock Forum) -8.19%
Tekmira Pharmaceuticals Corporation (T.TKM, Stock Forum) -6.81%
Sierra Wireless, Inc. (T.SW, Stock Forum) -5.98%

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