Increase of New Bank Facilities for Hyperion Exploration

Hyperion Exploration Corp. (TSXV:HYX) received an increase in its existing banking facilities with its credit provider.

As quoted in the press release:

Hyperion has increased the revolving operating facility to a borrowing limit of $30.0 million and increased the acquisition/development facility to 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 currently remain undrawn and are subject for review on or before May 31, 2012.

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