Hemisphere Energy Announces Results from Annual General and Special Meeting of Shareholders

Rhea-AI Summary

Hemisphere Energy (OTCQX: HMENF, TSXV: HME) reported voting results from its June 10, 2026 Annual General and Special Meeting.

Shareholders representing 37,674,548 shares (39.93%) supported all matters, including setting the board at six directors, electing the slate of nominees, reappointing KPMG LLP as auditor, and approving the Stock Option and Bonus Award Incentive Plans.

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Vancouver, British Columbia--(Newsfile Corp. - June 10, 2026) - 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 37,674,548 common shares were voted at the AGSM, representing 39.93% of total shares issued and outstanding as at the April 23, 2026 record date of the AGSM.

Shareholders voted in favour of all items considered at the AGSM, including:

1. Fix the Number of Directors: The number of directors of the Company was set at six (6).
2. 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.
3. 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.
4. Annual Approval of Stock Option Plan: Shareholders passed an ordinary resolution ratifying and approving the Company's Stock Option Plan.
5. Annual Approval of Bonus Award Incentive Plan: Shareholders passed an ordinary resolution ratifying and approving the Company's Bonus Award Incentive Plan.

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, 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300977

FAQ

What were the voting results at Hemisphere Energy's June 10, 2026 AGSM for HMENF?

Shareholders of Hemisphere Energy approved all items at the June 10, 2026 AGSM. According to Hemisphere Energy, 37,674,548 common shares were voted, representing 39.93% of issued and outstanding shares as of the April 23, 2026 record date.

How many Hemisphere Energy (HMENF) shares were voted at the 2026 shareholder meeting?

A total of 37,674,548 Hemisphere Energy common shares were voted at the 2026 AGSM. According to Hemisphere Energy, this represents 39.93% of the company’s issued and outstanding shares as of the April 23, 2026 record date for the meeting.

Who was elected to Hemisphere Energy's board of directors at the 2026 AGSM for HMENF?

Six directors were elected for the ensuing year at Hemisphere Energy’s 2026 AGSM. According to Hemisphere Energy, shareholders elected Charles O'Sullivan, Don Simmons, Frank Borowicz, Bruce McIntyre, Gregg Vernon, and Richard Wyman to the board after approving the board size at six.

Which auditor did Hemisphere Energy (HMENF) shareholders approve at the June 2026 meeting?

Hemisphere Energy shareholders approved the reappointment of KPMG LLP as auditor for the ensuing year. According to Hemisphere Energy, KPMG LLP will continue as the company’s external auditor, with remuneration to be fixed by the board of directors following the shareholder vote.

What stock-based compensation plans did Hemisphere Energy (HMENF) shareholders approve in 2026?

Shareholders approved both the Stock Option Plan and the Bonus Award Incentive Plan at the 2026 AGSM. According to Hemisphere Energy, ordinary resolutions were passed ratifying and approving each plan as part of the meeting’s formal business items.

What does the approval of Hemisphere Energy's bonus and stock option plans mean for HMENF investors?

Approval confirms shareholder support for Hemisphere Energy’s existing equity and bonus incentive frameworks. According to Hemisphere Energy, the Stock Option Plan and Bonus Award Incentive Plan were ratified, allowing continued use of these tools to align management and employee compensation with corporate performance.