HOUSTON, TEXAS, Oct. 22, 2012 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcón" or the"Company") today announced that, subject to market conditions, itintends to offer $700 million in aggregate principal amount ofsenior unsecured notes due 2021. Halcón intends to use thenet proceeds from the offering to fund the cash considerationpayable in connection with its pending acquisition of producing andundeveloped oil and gas assets in the Williston Basin ("WillistonBasin Assets"). The offering will be made only to qualified institutional buyerspursuant to Rule 144A and to certain persons in offshoretransactions pursuant to Regulation S, each under the SecuritiesAct of 1933 (the "Securities Act"), as amended. The offeringis expected to close into escrow, subject to release upon closingof the Williston Basin Assets acquisition. The senior unsecured notes have not been registered under theSecurities Act or any state securities law and, unless soregistered, may not be offered or sold in the United States exceptpursuant to an applicable exemption from the registrationrequirements of the Securities Act and applicable state securitieslaws. This press release shall not constitute an offer tosell or the solicitation of an offer to buy the securities. Forward-Looking Statements This release contains forward-looking statementswithin the meaning of Section 27A of the Securities Act and Section21E of the Securities and Exchange Act of 1934, as amended. Such forward looking statements include, but are not limited to,the size of the offering and the anticipated use of proceeds. Forward-looking statements are based on current beliefsand expectations and involve certain assumptions orestimates that involve various risks and uncertaintiesthat could cause actual results to differ materially fromthose reflected in the statements. Readers should not placeundue reliance on any such forward-looking statements, which aremade only as of the date hereof. The Company has noduty, and assumes no obligation, to update forward-lookingstatements as a result of new information, future eventsor changes in the Company's expectations.
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