Sept 19 (Reuters) - Inplay Oil Corp:
* Inplay oil corp. and Anderson Energy Inc. Announce strategic business combination, pembina cardium acquisition and "bought deal" financing
* Holders of shares of Inplay entitled to receive 0.1303 a share of new Inplay for each one Inplay share held
* Holders of common shares of anderson to continue to hold 1 new inplay share for each one anderson share held
* Commitment letter,term sheet for a pro forma $60 million credit facility to be provided upon closing of transactions and inplay financing
* New Inplay is planning to start a four well drilling program in 2016 targeting Cardium in Pembina region
* Board of directors of inplay and anderson have unanimously approved arrangement
* To acquire cardium light oil assets in Pembina region of alberta for total consideration of $47 million
* Has entered into an agreement to raise, on a private placement basis, $70.0 million in gross proceeds by way of a "bought deal" financing
* Based on Inplay financing price, implied price per Anderson share is $2.30
* Inplay and Anderson to combine under new name Inplay Oil corp.
* 2017 capital program is expected to consist of its high graded cardium inventory where it can achieve paybacks of under 1.5 years Source text for Eikon: ID:nCCN1XtBPc Further company coverage: AND.TO