Northern Hemisphere Development Corp.
TSX VENTURE : NHD

Northern Hemisphere Development Corp.

September 08, 2008 12:26 ET

Northern Hemisphere Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 8, 2008) - Northern Hemisphere Development Corp. (TSX VENTURE:NHD) announces that it has closed a $170,000 private placement, as originally announced on August 13, 2008. This private placement consisted of the sale of 1,700,000 units at a price of $0.10 per unit, each unit consisting of one common share and one-half (1/2) of a share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of $0.15 until September 5, 2010. All of the securities issued pursuant to this private placement, including any common shares that may be issued pursuant to the exercise of the share purchase warrants, are subject to a hold period until January 6, 2009.

For further information on Northern Hemisphere and its Trutch Project, please visit our website at www.northernhemisphere.ca.

NORTHERN HEMISPHERE DEVELOPMENT CORP.

Don Simmons, President & CEO

Forward Looking Statement

This presentation may contain forward-looking statements including management's assessment of future plans and operations, expectations of future production, cash flow and earnings. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ materially from those anticipated. These risks include, but are not limited to: the risk associated with the oil and gas industry (e.g. Operational risks in development, exploration and production; delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses and health, safety and environmental risks), acquisitions, commodity price and exchange rate fluctuation and uncertainties resulting from competition from other producers and ability to access sufficient capital from internal and external sources.

This release shall not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Northern Hemisphere Development Corp.
    Don Simmons
    President & CEO
    (604) 685-9255 or 1-800-440-4435
    (604) 685-9676 (FAX)
    Website: www.northernhemisphere.ca