Northern Hemisphere Development Corp.
TSX VENTURE : NHD

Northern Hemisphere Development Corp.

August 13, 2008 09:00 ET

Northern Hemisphere Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 13, 2008) - Northern Hemisphere Development Corp. (TSX VENTURE:NHD) announces a private placement, to consist of the sale of up to 2,000,000 units at a price of $0.10 per unit, each unit to consist of one common share and one-half (1/2) of a share purchase warrant, with each whole warrant to entitle the holder to purchase one additional common share at a price of $0.15 for a period of 2 years from closing. The proceeds of up to $200,000 to be raised pursuant to this private placement, which is subject to regulatory acceptance, will be used for working capital purposes.

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

NORTHERN HEMISPHERE DEVELOPMENT CORP.

Don Simmons, President & CEO

This press release may contain forward-looking statements as of this date and include expectations of future events such as drilling, capital expenditures and production which involve certain risks and uncertainties. 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