Barrel Energy agrees LOI to acquire 51% of Maine Standard Biofuels for $20M consideration
Barrel Energy (BRLL) signed a non-binding LOI to acquire 51% of Maine Standard Biofuels for $20M, payable in cash and shares. The deal is contingent on several conditions, including a separate exchange transaction and a credit facility. The LOI is not binding except for confidentiality and announcements.

