Hemisphere Energy Grants Incentive Restricted Share Units and Stock Options

Rhea-AI Summary

Hemisphere Energy (OTCQX: HMENF) announced equity compensation grants on December 12 and December 15, 2025. The board approved the award of 930,000 restricted share units (RSUs) to directors and officers, which vest one-third annually over three years and expire on December 15, 2028. The RSU plan allows redemption in cash or by issuance of common shares at the board's discretion.

Separately, the company granted 48,000 incentive stock options to its investor relations service provider on December 15, 2025, at an exercise price of $2.01 per share; those options vest quarterly over 12 months and expire on December 15, 2030.

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Vancouver, British Columbia--(Newsfile Corp. - December 15, 2025) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") announces that its Board of Directors has approved grants of incentive restricted share units ("RSU") and stock options.

Restricted Share Units

Under the Company's Restricted Share Unit Plan (the "Plan"), RSUs may be granted to directors, employees, and contractors of the Company. At the discretion of the Company's Board of Directors, the Plan permits the Company to either redeem RSUs for cash or by issuance of Hemisphere's common shares.

On December 12, 2025, the Company awarded 930,000 incentive RSUs to directors and officers of Hemisphere, all of which will vest one-third annually over a three-year period and will expire on December 15, 2028.

Stock Options

Additionally, in accordance with the Company's Stock Option Plan, Hemisphere has granted 48,000 incentive stock options to its investor relations service provider on December 15, 2025 at an exercise price of $2.01 per share which will vest quarterly over 12 months and expire on December 15, 2030.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278155

FAQ

How many RSUs did Hemisphere Energy (HMENF) grant on December 12, 2025?

Hemisphere granted 930,000 RSUs to directors and officers on December 12, 2025.

What is the vesting schedule and expiry for the 930,000 RSUs granted by HMENF?

The RSUs vest one-third annually over three years and expire on December 15, 2028.

How many stock options did Hemisphere (HMENF) grant on December 15, 2025 and to whom?

Hemisphere granted 48,000 incentive stock options to its investor relations service provider on December 15, 2025.

What are the exercise price, vesting, and expiry for the 48,000 HMENF options?

The options have an exercise price of $2.01, vest quarterly over 12 months, and expire on December 15, 2030.

Can Hemisphere redeem RSUs for cash or shares under its plan?

Yes; under the RSU plan the board may redeem RSUs for cash or by issuing common shares at its discretion.