News Column

Hyperion Exploration Corp. Announces Renewal of Bank Facilities

Jan 8 2013 12:00AM



CALGARY, ALBERTA -- (Marketwire) -- 01/08/13 -- Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE: HYX) announces, as a result of the schedule lending review with its credit provider, the lending limits of its existing banking facilities remain unchanged at $50.0 million. The Company's revolving operating facility remains at a borrowing limit of $40.0 million and an acquisition/development facility remains at a borrowing limit of $10.0 million. Security for these facilities will continue to be provided by way of a charge over the petroleum and natural gas assets of the Company. The facilities are subject for review on or before June 1, 2013.

About Hyperion

Hyperion is a publically traded, junior light oil and gas company with a strategy of growing through acquisitions which lead to lower risk, scalable and repeatable development drilling projects. Hyperion's core Alberta operations are in the Niton/McLeod, Garrington, North Pembina, Buck Lake, and Chip Lake areas. The common shares of the Company trade on the TSX Venture Exchange under the trading symbol "HYX".

Neither the TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Hyperion Exploration Corp.
Trevor Spagrud
President and CEO
(403) 930-0701

Hyperion Exploration Corp.
Doug Bailey
(403) 930-0703

Hyperion Exploration Corp.
Suite 2010, Calgary Place II
355 - 4th Avenue SW
Calgary, Alberta T2P 0J1

Source: Marketwire

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters