IN BRIEF: Pennpetro Energy signs heads of agreement with Icenergy
19th Oct 2026 08:24
Pennpetro Energy PLC - London-based energy project developer with interests in Ukraine, the US and Canada - Signs heads of agreement to buy Indigenous Canadian Energy Holdings Inc. The announcement follows Pennpetro's confirmation in September that Icenergy is its reverse takeover target. Pennpetro is to raise GBP20 million before expenses through a placing of new ordinary shares, with the proceeds expected to fund Icenergy's retail business, including construction of a wholly owned production plant. No placing commitments have been obtained. Read More