Notes: 10/08/2019 -- Halcón Resources Corp. is pleased to announce that it has emerged from bankruptcy under Chapter 11 of the US Bankruptcy Code. By successfully completing its financial restructuring, the Company eliminated more than $750 million in debt and more than $40 million of annual interest expense, significantly enriching its financial condition.______________Aug. 07, 2019 -- Halcón Resources Corporation (OTC PINK: HKRS) and its subsidiaries today announced that they filed voluntary petitions for relief under chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas to pursue a prepackaged plan of reorganization in accordance with its previously announced comprehensive balance sheet restructuring efforts with the support of its major stakeholders, including members of an ad hoc group of creditors (the "Ad Hoc Group") holding Halcón's 6.75% Senior Notes due 2025. Under the Plan, the Company will eliminate more than $750 million in debt and will reduce annual interest expense by more than $40 million. The terms of the Plan provide that holders of the Company's $625 million outstanding 6.75% Senior Notes (the "Unsecured Noteholders") will receive 91.0% of the common stock of reorganized Halcón (the "New Common Shares") and existing common shareholders will receive 9.0% of the New Common Shares (each prior to dilution and subject to certain other exceptions). Existing common shareholders will also be granted warrants that provide them with the opportunity to purchase up to 30% of the New Common Shares at prices based on Unsecured Noteholders achieving certain recovery levels. As part of the transaction, certain members of the Ad Hoc Group have also committed to backstop a $150,150,000 new money equity rights offering of New Common Shares, which is being offered to Unsecured Noteholders on a pro rata basis. Existing holders of common stock will also be offered the right to participate in a $14,850,000 new money equity rights offering on a pro rata basis. The rights offerings will provide the Company with $165 million of proceeds if fully subscribed. The Company has received a commitment for a $35 million debtor-in-possession credit facility from certain members of the Ad Hoc Group to fund operations during the bankruptcy process. Halcón has also received an underwritten commitment from BMO Harris Bank, N.A. for a new $750 million senior secured revolving credit facility, which will be arranged by BMO Capital Markets Corp., effective upon exit from bankruptcy with an expected initial borrowing base of $275 million. The Company expects to have liquidity in excess of $150 million upon exit from the chapter 11 cases, with leverage below 1.5x (net debt/LTM EBITDA). The Company expects to emerge from bankruptcy within approximately 60 days. The Company plans, subject to approval by the Bankruptcy Court, to continue to pay vendors, royalty owners and other parties in ordinary course throughout the bankruptcy process. Information about the chapter 11 cases can be found on http://www.kccllc.net/halcon. The Company has also posted FAQs and other restructuring information on its website at http://www.halconresources.com. ____________ December 16, 2015 -- one-for-five reverse stock split will begin trading on a split-adjusted basis when the market opens on January 5, 2016.____7/23/2019 -- Moved from NYSE to OTC. ____________ Feb. 9, 2012-- Halcon Resources Corporation (NASDAQ: HK), today announced that a one-for-three (1:3) reverse stock split of Halcon Resources common stock, previously approved by stockholders, will be effective on February 10, 2012.