Hyperion Exploration Corp. Announces Issuance of Options

 Hyperion Exploration Corp. (TSXV:HYX) announced that it granted options on August 29, 2011 to acquire up to 1,431,000 Common Shares of Hyperion, 1,010,000 of which were granted to directors and officers of Hyperion.

Each grant of options is for a five year term, expiring on August 29, 2016. The options vest over three years (1/3 on each of the first, second and third anniversary of the grant date). The options are exercisable at a price of $0.99 per Common Share. There are now options outstanding to purchase a total of 4,334,126 Common Shares of Hyperion, or approximately 8.0% of Hyperion’s issued and outstanding Common Shares.

Click here to read the Hyperion Exploration Corp. (TSXV:HYX) press release