InPlay Oil Corp. Announces Completion of $11.5 Million Bought Deal Financing

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CALGARY, Alberta , Oct. 20, 2021 (GLOBE NEWSWIRE) -- InPlay Oil Corp. (TSX: IPO) (OTCQX: IPOOF) ("InPlay" or the "Company") is pleased to announce it has closed its previously announced bought deal public offering of 9,591,000 subscription receipts (the "Subscription Receipts") at a price of $1.20 per Subscription Receipt for aggregate gross proceeds of approximately $11.5 million (the "Offering"). The Offering was co-led by Eight Capital and ATB Capital Markets Inc. (together, the "Co-Lead Underwriters") on behalf of a syndicate of underwriters comprised of National Bank Financial Inc., Canccord Genuity Corp. and Acumen Capital Finance Partners Limited (collectively with the Co-Lead Underwriters, the "Underwriters"). The Underwriters exercised in full the 15% over-allotment option granted to them in conjunction with today's closing of the Offering.