InPlay and Prairie Storm Announce Court and Shareholder Approval of Arrangement

Source: www.gulfoilandgas.com 11/29/2021, Location: North America

InPlay Oil Corp. and Prairie Storm Resources Corp. are pleased to announce that the Court of Queen's Bench of Alberta (the "Court") has granted a final order approving the previously announced plan of arrangement (the "Arrangement") involving, among others, Prairie Storm, InPlay and the holders (the "Shareholders") of common shares of Prairie Storm ("Prairie Storm Shares"). Pursuant to the Arrangement, InPlay will acquire all of the issued and outstanding Prairie Storm Shares in exchange for 0.0524 of a common share of InPlay and $0.2514 in cash for each outstanding Prairie Storm Share.

Receipt of the final order of the Court followed the special meeting of Shareholders held early this morning (the "Meeting"), where Shareholders voted overwhelmingly in favour of a special resolution (the "Arrangement Resolution") approving the Arrangement. A total of 144,113,916 Prairie Storm Shares, representing approximately 97.76% of issued and outstanding Prairie Storm Shares, were voted at the Meeting.

Additional information regarding the Arrangement is provided in the management information circular of Prairie Storm dated October 26, 2021, which is available on Prairie Storm's SEDAR profile at www.sedar.com. Assuming the satisfaction of the remaining conditions to closing, the Arrangement is expected to close tomorrow, November 30, 2021.

Q3 2021 DISCLOSURE FILINGS
In addition, Prairie Storm is also pleased to announce the filing of Prairie Storm's unaudited interim condensed consolidated financial statements (the "Q3 2021 Financial Statements") and related management's discussion and analysis (the "Q3 2021 MD&A"), each as at and for the three and nine months ended September 30, 2021. Copies of the Q3 2021 Financial Statements and Q3 2021 MD&A are available on Prairie Storm's SEDAR profile at www.sedar.com.


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