InPlay Oil Corp. Announces Closing of $32.8 Million Bought Deal Offering of Subscription Receipts and Exercise of Over-Allotment

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CALGARY AB, Feb. 27, 2025 /CNW/ - InPlay Oil Corp. (TSX:IPO.TO) (OTCQX:IPOOF) ("InPlay" or the "Company") is pleased to announce the closing of its previously announced bought deal offering (the "Offering") of subscription receipts ("Subscription Receipts") that was led by ATB Securities Inc., National Bank Financial Inc. and RBC Capital Markets (collectively, the "Lead Underwriters") 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 "Underwriters"). 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 $1.55 per Subscription Receipt for total gross proceeds of approximately $32.8 million.