Hyperdynamics to Raise $1.5 Million in Registered Direct Offering
12 Novembre 2009 - 5:30PM
PR Newswire (US)
SUGAR LAND, Texas, Nov. 12 /PRNewswire-FirstCall/ -- Hyperdynamics
Corporation (NYSE Amex: HDY) announced today that the Company has
entered into a definitive agreement to sell 1,578,948 shares of its
common stock at a price per share of $0.95 pursuant to a registered
direct offering to an institutional investor, resulting in gross
proceeds of approximately $1.5 million. The closing of the offering
is expected to take place subject to the satisfaction of customary
closing conditions. Hyperdynamics Corporation plans to use the net
proceeds from the offering for working capital and general
corporate purposes. This announcement shall not constitute an offer
to sell or the solicitation of an offer to buy these securities,
nor shall there be any offer or sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. About Hyperdynamics
Hyperdynamics is an emerging independent oil and gas exploration
and production company that is exploring for oil and gas offshore
the Republic of Guinea in West Africa. To find out more, visit our
website at http://www.hyperdynamics.com/. Forward Looking
Statements This news release and the Company's website referenced
in this news release contain forward looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E of the Securities Exchange Act of 1934, as amended,
regarding Hyperdynamics Corporation's future plans and expected
performance that are based on assumptions the Company believes to
be reasonable. Statements preceded by, followed by or that
otherwise include the words "believes", "expects", "anticipates",
"intends", "projects", "estimates", "plans", "may increase", "may
result", "will result", "may fluctuate" and similar expressions or
future or conditional verbs such as "will", "should", "would",
"may" and "could" are generally forward-looking in nature and not
historical facts. A number of risks and uncertainties could cause
actual results to differ materially from these statements,
including without limitation, funding and exploration efforts,
fluctuations in oil and gas prices and other risk factors described
from time to time in the Company's reports filed with the SEC,
including the Company's Annual Report on Form 10-K for the fiscal
year ended June 30, 2009. The Company undertakes no obligation to
publicly update these forward looking statements to reflect events
or circumstances that occur after the issuance of this news release
or to reflect any change in the Company's expectations with respect
to these forward looking statements. HDY-IR Contacts: Dennard Rupp
Gray & Easterly, LLC Ken Dennard, Managing Partner Jack Lascar,
Partner (713) 529-6600 Anne Pearson, Sr. Vice President (210)
408-6321 DATASOURCE: Hyperdynamics Corporation CONTACT: Ken
Dennard, Managing Partner, or Jack Lascar, Partner,
+1-713-529-6600, or Anne Pearson, Sr. Vice President,
+1-210-408-6321, all of Dennard Rupp Gray & Easterly, LLC, for
Hyperdynamics Corporation Web Site: http://www.hyperdynamics.com/
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