HMSO Hemis Acquires Share Position in Allegra Corporation

Hemis Acquires Share Position in Allegra CorporationBusiness Wire "US Press Releases "
LAS VEGAS--(BUSINESS WIRE)--
Hemis Corporation (OTCBB:HMSO) (FWB:XZA) is an international resource company with three advanced stage exploration properties in Mexico and one in Alaska.
Hemis Corporation is pleased to announce it has acquired one million shares in Allegra Corporation.
Allegra Corporation is a private mineral exploration company based in Nevada that has the intention of becoming a public company in the near future.
Allegra's focus is on North and South American projects that have low production costs and contain the likelihood of 500,000-ounce plus deposits.
Allegra is currently in the process of negotiating several prospective projects before its going public.
As a former subsidiary of Hemis, Allegra was completely spun-off in January of 2007 and became independent. This was important so that the Company was able to focus on finding new projects.
Bruno Weiss, CFO of the Company states, "With the acquisition of this share position, Hemis' financial assets will increase and will show more strength on our financial statements."
ON BEHALF OF THE BOARD "Norman Meier"
President & CEO
About Hemis Corporation
Hemis Corporation is a precious metals exploration company trading on the OTCBB under the symbol HMSO and listed on the Frankfurt stock exchange under the symbol XZA. Hemis is comprised of both a resource division and a resource investment unit. Hemis' high profile team is focused on evaluating gold projects with strong potential. The resource investment unit is actively reviewing other natural resource companies for joint ventures and investment.
Hemis is incorporated in Nevada, USA with its head office in Zurich, Switzerland and North American corporate communications representatives in Canada and the United States. Led by an experienced team of exploration geologists and financial professionals, this company has extensive international capital markets experience and proven track records.
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to commencement of drilling operations, concentration in mineral deposits, delays in testing and evaluation of ore samples, and other risks detailed from time to time in Hemis' filings with the Securities and Exchange Commission.
Source: Hemis Corporation