PE-backed InPlay Oil closes Anderson Energy deal, goes public
InPlay Oil Corp has closed its previously announced combination with Anderson Energy Inc (TSX: AND). The deal, which created a new and larger Canadian light oil company, also called InPlay Oil, will commence trading on the Toronto Stock Exchange under the trading symbol “IPO”. The company also raised $70.3 million in financing and a new $60 million credit facility. Based in Calgary, InPlay Oil is backed by Canadian energy private equity firms JOG Capital and Sprott Resource Corp. Sprott said it invested $10 million to support the Anderson Energy deal and asset acquisitions.
9 November 2016•4 mins read
