Halcon Resources Announces Public Offering Of Common Stock

HOUSTON, TEXAS, Aug. 7, 2013 (GLOBE NEWSWIRE) -- Halcón Resources Corporation (NYSE: HK) ("Halcon" or the"Company") today announced that it has filed a preliminaryprospectus supplement to its existing shelf registration statementwith the U.S. Securities and Exchange Commission relating to anunderwritten public offering of 38,000,000 shares of its commonstock.  The underwriters will also have a 30-day option topurchase up to 5,700,000 additional shares of common stock fromHalcón to cover over-allotments, if any.

The Company intends to use the net proceeds from the offering torepay a portion of the outstanding borrowings under its seniorsecured revolving credit facility, which has been, and willcontinue to be, drawn upon to partially fund acquisitions of bothleasehold and producing properties in core areas.

Barclays and BMO Capital Markets are acting as jointbook-running managers in connection with this offering.

The offering will be made only by means of aprospectus, forming a part of Halcón's effective shelf registrationstatement, related prospectus supplement and other relateddocuments. You may obtain these documents for free by visitingEDGAR on the Securities and Exchange Commission website at www.sec.gov. Additionally,copies of the preliminary prospectus supplement may be obtainedfrom:
  • Barclays c/o Broadridge Financial Solutions, 1155 Long IslandAve., Edgewood, New York 11717, or by email at barclaysprospectus@broadridge.com,or by calling (888) 603-5847; or
  • BMO Capital Markets, Attn: Syndicate Department, 3 TimesSquare, 27th Floor, New York, New York 10036, or by email atbmoprospectus@bmo.com,or by calling (800) 414-3627. 

Before you invest, you should read theprospectus supplement and accompanying base prospectus, along withother documents that the Company has filed with the Securities andExchange Commission, for more complete information about Halcón andthis offering.

This press release is neither an offer to sellnor a solicitation of an offer to buy any of these securities andshall not constitute an offer, solicitation or sale in anyjurisdiction in which such offer, solicitation or sale isunlawful.

Forward-Looking Statements

This release contains forward-looking statementswithin the meaning of Section 27A of the Securities Act of 1933 andSection 21E of the Securities and Exchange Act of 1934. Forward-looking statements are based on current beliefsand expectations and involve certain assumptions orestimates that involve various risks and uncertainties,such as financial market conditions, changes in commodities pricesand the other risks discussed in detail in Halcón's Annual Reporton Form 10-K for the year ended December 31, 2012 and othersubsequent filings with the Securities and ExchangeCommission.  Readers should not place undue reliance on anysuch forward-looking statements, which are made only as of the datehereof.  The Company has no duty, and assumes noobligation, to update forward-looking statements as a resultof new information, future events or changes in theCompany's expectations.

About Halcón Resources

Halcón Resources Corporation is an independent energy companyengaged in the acquisition, production, exploration and developmentof onshore oil and natural gas properties in the United States.
CONTACT: Scott M. Zuehlke         VP, Investor Relations         Halcon Resources         (832) 538-0314

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