Hyperion Exploration Corp.

Hyperion Exploration Corp.

June 27, 2014 17:21 ET

Hyperion Exploration Corp. Announces Revision to Bank Line

CALGARY, ALBERTA--(Marketwired - June 27, 2014) - Hyperion Exploration Corp. ("Hyperion" or the "Company") (TSX VENTURE:HYX) announces, as a result of the scheduled lending review with its credit provider, the lending limit of the revolving operating facility will be revised to $28.0 million from $30.0 million. Hyperion remains committed to debt reduction, while pursuing options to create value for our shareholders. The Company will not be utilizing additional debt to acquire assets in the near term and, as a result, will not renew or incur the renewal fee, for the $10.0 million acquisition facility. Security for the revolving operating facility will continue to be provided by way of a charge over the petroleum and natural gas assets of the Company. The revolving operating facility will be subject to review on or before September 1, 2014.

About Hyperion

Hyperion is a publicly traded, junior light oil and gas company. Hyperion's core Alberta operations are in Niton/McLeod, Garrington, North Pembina, and Buck Lake. The common shares of the Company trade on the TSX Venture Exchange under the trading symbol "HYX".

Cautionary Statements

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.

Contact Information

  • Trevor Spagrud
    President and CEO
    (403) 930-0701

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