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InPlay Oil Corp. Announces Closing of $32.8 Million Bought Deal Offering of Subscription Receipts and Exercise of Over-Allotment
InPlay Oil Corp. Announces Closing of $32.8 Million Bought Deal Offering of Subscription Receipts...
About this update from Inplay Oil Corp
[{"type":"text","content":"\n\n\n\n InPlay Oil Corp. Announces Closing of $32.8 Million Bought Deal Offering of Subscription Receipts and Exercise of Over-Allotment\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n\n CALGARY AB\n \n\n ,\n \n\n Feb. 27, 2025\n \n\n /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (\"\n \n InPlay\n \n \" or the \"\n \n Company\n \n \") is pleased to announce the closing of its previously announced bought deal offering (the \"\n \n Offering\n \n \") of subscription receipts (\"\n \n Subscription Receipt\n \n s\") that was led by ATB Securities Inc., National Bank Financial Inc. and RBC Capital Markets (collectively, the \"\n \n Lead Underwriters\n \n \") on behalf of a syndicate of underwriters comprised of Canaccord Genuity Corp., Stifel Nicolaus Canada Inc. and Acumen Capital Finance Partners (collectively with the Lead Underwriters, the \"\n \n Underwriters\n \n \"). Pursuant to the Offering, InPlay issued a total of 21,145,625 Subscription Receipts, including 2,758,125 Subscription Receipts issued pursuant to the exercise in full by the Underwriters of their over-allotment option. The Subscription Receipts were issued at an offering price of\n \n $1.55\n \n per Subscription Receipt for total gross proceeds of approximately\n \n $32.8 million\n \n .\n \n\n\n\n\n\n\n\n\n The gross proceeds from the Offering will be held in escrow and will be used by InPlay to fund a portion for the purchase price of InPlay's previously announced acquisition of Pembina Cardium assets for a total purchase price of\n \n $309.9 million\n \n , prior to adjustments (the \"\n \n Transaction\n \n \").\n \n\n While the Subscription Receipts remain outstanding, such receipts will notionally be credited an amount per Subscription Receipt equal to the per common share (\"\n \n Common Share\n \n \") cash dividend, if any, actually paid or payable to holders of Common Shares in respect of all record dates for such di...