Hyperion Exploration Corp.
TSX VENTURE : HYX

Hyperion Exploration Corp.

January 09, 2015 11:58 ET

Hyperion Completes Plan of Arrangement

CALGARY, ALBERTA--(Marketwired - Jan. 9, 2015) -

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Hyperion Exploration Corp. ("Hyperion") (TSX VENTURE:HYX) is pleased to announce that it has completed the previously announced plan of arrangement with Tri-Win International Investment Group Inc. (the "Purchaser"), whereby the Purchaser acquired, through a wholly-owned subsidiary 1864492 Alberta Ltd., all of the issued and outstanding common shares of the Company (the "Common Shares") at a cash price of $0.14 per Common Share for aggregate consideration of approximately $31.9 million, which includes the assumption of debt of Hyperion (the "Arrangement"). The Arrangement received the approval of over 98% of the Common Shares voted at the meeting and the approval of the Alberta Court of Queen's Bench. The Common Shares are expected to be delisted from the TSX Venture Exchange at the close of trading today.

FORWARD LOOKING STATEMENTS:

This news release contains forward-looking statements. More particularly, this news release contains statements concerning the timing of delisting of the Common Shares from the TSX Venture Exchange. Although Hyperion believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because Hyperion can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks. The forward-looking statements contained in this press release are made as of the date hereof and Hyperion undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

Contact Information

  • Hyperion Exploration Corp.
    Bill Cromb
    Chief Financial Officer
    (403) 930-0703
    bcromb@hyperionexploration.com

    Hyperion Exploration Corp.
    Suite 2110, 335 - 8th Avenue S.W.
    Calgary, Alberta T2P 1C9