InPlay Oil Corp. and Anderson Energy Inc. Announce Strategic
https://boereport.com/2016/09/20/inplay-oil-corp-and-anderson-energy-inc-announce-strategic-business-combination-pembina-cardium-acquisition-and-bought-deal-financing/
CALGARY, ALBERTA–(Marketwired – Sept. 19, 2016) – InPlay Oil Corp. (“InPlay“), a private Alberta based light oil focused exploration and development company, and Anderson Energy Inc. (“Anderson“) (TSX:AND) are pleased to announce that they have entered into an arrangement agreement dated September 19, 2016 (the “Arrangement Agreement“) that provides for the combination of InPlay and Anderson to create a new, well-capitalized, high netback, Cardium focused producer. The combination of InPlay and Anderson will be completed by way of plan of arrangement (the “Arrangement“) under the Business Corporations Act (Alberta). The Arrangement steps will result in the combination of InPlay and Anderson under the new name InPlay Oil Corp. (“New InPlay“).
New InPlay will be led by the existing management team and board of directors of InPlay. The InPlay management team is led by Doug Bartole as President & Chief Executive Officer, Darren Dittmer as Chief Financial Officer, Gordon Reese as VP, Business Development, Kevin Yakiwchuk as VP, Exploration and Thane Jensen as VP, Operations.
Upon completion of the Arrangement, the New InPlay board of directors will be comprised of Doug Bartole, Donald Cowie, Craig Golinowski, Dennis Nerland, Stephen Nikiforuk, Dale Shwed and Stephen Yuzpe.