CALGARY, ALBERTA–(Marketwired – Feb. 7, 2014) – Hyperion Exploration Corp. (TSX VENTURE:HYX) (“Hyperion” or the “Corporation”) announces that the Corporation’s banking facilities have been revised following the disposition of the Chip Lake assets completed on January 31, 2014, to an aggregate borrowing limit of $40.0 million ($30.0 million operating facility and a $10.0 million acquisition facility). The proceeds from the sale of the Chip Lake assets reduced Hyperion’s bank debt to approximately $27.0 million. The banking facilities are subject to review on May 1, 2014.
About Hyperion
Hyperion is a publicly 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, and Buck Lake. 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
tspagrud@hyperionexploration.com