i In this AIF, unless otherwise indicated, all dollar amounts are expressed in Canadian dollars. The daily foreign exchange rate for Canadian/U.S. dollars as published by the Bank of Canada on February 26, 2021, the last business day prior to fiscal year end, was Cdn$1.2685 = U.S.$1.00. Except as otherwise indicated, the information contained in this AIF is stated as at February 28, 2021. NON-IFRS FINANCIAL PERFORMANCE MEASURES This Annual Information Form ( AIF ) contains references to Net Asset Value or NAV , which is a non-IFRS financial performance measure. The NAV is calculated as the value of total assets less the value of total liabilities. To arrive at NAV per share, the NAV is then divided by the total number of common shares outstanding as at a specific date. The term NAV does not have any standardized meaning according to IFRS and therefore may not be comparable to similar measures presented by other companies. The NAV e
Hemisphere Energy Corporation: Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results
[DATELINE] Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ( Hemisphere or the Company ) is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2020.
For Hemisphere, 2020 was a year of strengthening the balance sheet by cutting capital, reducing costs, maintaining year over year production rates, and paying down nearly 25% of its previously outstanding year-end debt.
Despite spending only $1.7 million in capital during the year, the Company grew its Proved and Proved plus Probable reserves by 18% and 22%, respectively. While oil prices were down substantially through much of 2020 due to COVID-19, Hemisphere achieved adjusted funds flow from operations of $9.3 million, or $0.11 per basic share. This allowed the Company to improve its leverage metrics, strategically execute its Normal Course Iss
Hemisphere Energy Announces 2020 Fourth Quarter and Year-End Financial and Operating Results streetinsider.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from streetinsider.com Daily Mail and Mail on Sunday newspapers.
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Vancouver, British Columbia–(Newsfile Corp. – April 28, 2021) – Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) (“Hemisphere” or the “Company”) is pleased to provide its financial and operating results for the fourth quarter and year ended December 31, 2020.
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For Hemisphere, 2020 was a year of strengthening the balance sheet by cutting capital, reducing costs, maintaining year over year production rates, and paying down nearly 25% of its previously outstanding year-end debt.
Despite spending only $1.7 million in capital during the year, the Company grew its Proved and Proved plus Probable reserves by 18% and 22%, respectively. While oil prices were down substantially through much of 2020 due to COVID-19, Hemisphere achieved adjusted funds flow from oper
WELL Health Announces Normal Course Issuer Bid
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WELL Health Technologies Corp. (TSXV: WELL) (the
Company or
WELL ), a company focused on consolidating and modernizing clinical and digital assets within the primary healthcare sector, today announced that it has filed its Notice of an Intention to Make a Normal Course Issuer Bid (
NCIB ) with the Toronto Stock Exchange (
TSX ). The NCIB remains subject to approval by the TSX.
WELL believes that share purchases pursuant to the NCIB will contribute to the facilitation of an orderly market and be in the best interests of the Company and its shareholders. In the event that WELL believes that its common shares begin trading in a price range that does not adequately reflect their underlying value based on WELL s business prospects and strong financial position, WELL may purchase shares pursuant to the NCIB. Depending upon future price movements and other factors, WELL believes that its