HKN Announces Amendment to Its Rights Agreement
April 30 2012 - 4:44PM
Marketwired
HKN, Inc. (NYSE Amex: HKN) ("HKN") announced today that it has
amended its existing Rights Agreement to accelerate the final
expiration date of the rights issued thereunder from April 6, 2018
to May 30, 2012.
The effect of this amendment is that our outstanding Rights will
expire on May 30, 2012, and the shareholder's rights plan pursuant
to which Rights have been issued will be of no further force or
effect.
HKN, Inc. is an independent energy company engaged in the
development of a well-balanced portfolio of assets in the energy
industry and in the active management of our energy-based
investments. Additional information may be found at the HKN Web
site, www.hkninc.com. Please e-mail all investor inquiries to
Investorrelations@hkninc.com.
Certain statements in this announcement and inferences derived
therefrom may be regarded as "forward-looking statements" within
the meaning of the Securities Exchange Act of 1934, as amended.
These forward-looking statements are based on the opinions and
estimates of management at the time the statements are made.
Management's current view and plans, however, are subject to
numerous known and unknown risks, uncertainties and other factors
that may cause the actual results, performance, timing or
achievements of HKN to be materially different from any results,
performance, timing or achievements expressed or implied by such
forward-looking statements. The various uncertainties, variables,
and other risks include those discussed in detail in the Company's
SEC filings, including the Annual Report on Form 10-K filed on
March 2, 2012. HKN undertakes no duty to update or revise any
forward-looking statements. Actual results may vary materially.
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