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| Home : Hyperion Exploration Corp. Announces Revision to Bank Line |
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Jun 28
2014 |
Hyperion Exploration Corp. Announces Revision to Bank Line |
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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. |
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| Source:http://www.marketwired.com/mw/release.do?id=1925419&sourceType=3 |
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