January 08, 2013 07:30 ET
CALGARY, ALBERTA--(Marketwire - Jan. 8, 2013) - 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.
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 SpagrudPresident and CEO(403) email@example.comHyperion Exploration Corp.Doug BaileyCFO(403) firstname.lastname@example.orgHyperion Exploration Corp.Suite 2010, Calgary Place II355 - 4th Avenue SWCalgary, Alberta T2P 0J1
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