The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Marketwire

Hyperion Exploration Corp. Announces Renewal of Bank Facilities

Tuesday, January 08, 2013

Hyperion Exploration Corp. Announces Renewal of Bank Facilities07:30 EST Tuesday, January 08, 2013CALGARY, 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.About HyperionHyperion 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".FOR FURTHER INFORMATION PLEASE CONTACT: 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: Hyperion Exploration Corp.Trevor SpagrudPresident and CEO(403) 930-0701tspagrud@hyperionexploration.comHyperion Exploration Corp.Doug BaileyCFO(403) 930-0703dbailey@hyperionexploration.comHyperion Exploration Corp.Suite 2010, Calgary Place II355 - 4th Avenue SWCalgary, Alberta T2P 0J1