Pennpetro Energy Plc (GB:PPP) has released an update.
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Pennpetro Energy Plc has successfully raised £360,000 through the placement of 6 million new ordinary shares at 6 pence each, with the assistance of their corporate broker, Peterhouse Capital Limited. The funds were secured in anticipation of the company’s shares coming back from suspension and the placement is contingent on the issuance of the new shares. This financial move is considered significant inside information as per relevant market regulations.
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