Vancouver BC, April 15, 2009. Northern Hemisphere Development Corp. (TSXV: NHD) (the “Company”) announces that, at the Special General Meeting of its shareholders held on April 14, 2009, the 5-for-1 share consolidation and related change of name to “Hemisphere Energy Corporation”, as originally announced on February 11, 2009, were both approved by way of special resolutions by in excess of 91% of the votes cast. The Company will now be making application to the TSX Venture Exchange for acceptance of these changes, as well as for a change of its trading symbol. The Company anticipates these changes will be made effective shortly. Further information in this regard will be disseminated in due course.
Northern Hemisphere’s management and board of directors believe that these corporate changes will greatly enhance the Company’s ability to aggressively pursue acquisition opportunities and the raising of required capital to add to long-term per share growth in both production and reserves.
Northern Hemisphere is committed to building a strong and successful oil and gas company through its experienced team of management and directors. The Company will continue to build on its cash flow from existing production, low overhead, and its position of no debt.
For information on Northern Hemisphere, visit our website at www.northernhemisphere.ca or call Don Simmons, President & CEO at (604) 685-9255.
NORTHERN HEMISPHERE DEVELOPMENT CORP.
President & CEO
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. This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of factors beyond its control, and actual results may differ materially from the expected results.