Innovation Beverage Group Ltd. Announces Acquisition of Controlling Interest in BlockFuel Energy Inc. and Execution of Amended Merger Agreement
Innovation Beverage Group Ltd. (Nasdaq: IBG) announced it has acquired a 51% controlling stake in Texas-based BlockFuel Energy Inc. This acquisition is a significant milestone toward a proposed merger that will create a rising oil producer and power generation company focusing on US onshore oil and gas operations and power generation for high-perfo…