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InPlay Oil Corp. Announces Voting Results from Special Meeting of Shareholders
InPlay Oil Corp. Announces Voting Results from Special Meeting of Shareholders Canada N...
About this update from Inplay Oil Corp
[{"type":"text","content":"\n\n\n\n InPlay Oil Corp. Announces Voting Results from Special Meeting of Shareholders\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.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n\n /NOT FOR DISTRIBUTION OR DISSEMINATION IN\n \n THE UNITED STATES\n \n /\n \n\n\n\n\n\n /FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF\n \n UNITED STATES\n \n SECURITIES LAW/\n \n\n\n\n\n CALGARY, AB\n \n\n ,\n \n\n April 4, 2025\n \n\n\n /CNW/ - InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) (\"\n \n\n InPlay\n \n\n \" or the \"\n \n\n Company\n \n\n \") is pleased to announce the voting results from the special meeting (the \"\n \n\n Meeting\n \n\n \") of the holders of InPlay common shares (\"\n \n\n Common Shares\n \n\n \") held earlier today. At the Meeting, shareholders approved the issuance (the \"\n \n\n Share Issuance\n \n\n \") of approximately 54.8 million Common Shares to Obsidian Energy Ltd. (\"\n \n\n Obsidian\n \n\n \") as partial consideration for the previously announced acquisition of certain oil and gas assets from Obsidian (the \"\n \n\n Acquisition\n \n\n \"), by an affirmative vote of approximately 99.72% of the votes cast in respect thereof by shareholders present in person or by proxy at the Meeting. The Corporation has received all necessary approvals in connection with the Acquisition, including conditional approval from the Toronto Stock Exchange and clearance under the\n \n\n Competition Act\n \n\n (\n \n Canada\n \n ), and expects the Acquisition to close on or about\n \n April 7, 2025\n \n .\n \n\n\n\n Shareholders also approved an amendment to the articles of InPlay to effect a consolidation of the Common Shares (the \"\n \n\n Share\n \n\n\n\n Consolidation\n \n\n \"). The Share Consolidation is expected to occur within the next five to seven business days.\n \n\n\n\n For complete voting results, please see the Report of Voting Results which is available on the Company's SEDAR+ profile at sedarplus.ca.\n \n\n\n\n\n\n\n\n\n\n\n\n About InPlay Oil Corp.\n \n\n\n\n\n InPlay is a junior oil ...