Olenox signs LOI to buy Wildboy Holdings, IPD for about US$20 million
OLOX•Olenox enters non-binding LOI for Wildboy Holdings and IPD
Olenox entered a non-binding letter of intent to buy Wildboy Holdings and IPD Industries for about US$20 million, mainly in preferred stock.
The deal targets closing by Oct. 31, 2026, subject to due diligence and definitive agreements.
Wildboy assets include a natural gas plant with up to 144 MMcf/day capacity and interests tied to more than 180,000 acres in northern British Columbia.
IPD holds project interests near the Waha Hub in West Texas, tied to more than 5,000 acres and power-infrastructure development work.
The transaction aims to expand natural gas access and power-generation options for data-center and other power-intensive infrastructure.
