Hemisphere Energy Corporation (TSXV: HME) agreed to acquire oil producing assets in Jenner area of southeast Alberta for CAD 6 million on December 8, 2011. In a related transaction, Hemisphere has arranged a brokered private placement with Canaccord to raise up to CAD 7.5 million. Hemisphere will use proceeds from private placement to close the Jenner acquisition. The transaction is subject to financing and is expected to complete in early February 2012. Hemisphere Energy Corporation (TSXV: HME) completed the acquisition of oil producing assets in Jenner area of southeast Alberta on January 27, 2012.