Sprott Resource invests $19.5 mln in JOG Capital-backed InPlay Oil
Canadian private equity firm Sprott Resource Corp has invested $19.5 million in InPlay Oil Corp, a private exploration and development company with headquarters in Calgary. Sprott is investing alongside InPlay Oil's management and directors, as well as its existing investors, which include JOG Capital, a Calgary-based private equity firm that invests in the upstream oil and gas industry. Earlier in June, Sprott-backed Long Run Exploration Ltd (TSX: LRE) agreed to acquire another JOG Capital portfolio company, Crocotta Energy Inc (TSX: CTA), for $357 million. That acquisition is expected to close in August.
16 June 2014•5 mins read
