other material
confidence high
sentiment positive
materiality 0.50
Verde Bio sells two oil properties for $1.105M, realizing ~84% profit
VERDE BIO HOLDINGS, INC.
- Sale price of $1.105M for two oil-heavy mineral/royalty interests; expected close by July 23, 2021.
- Company achieved approximately 84% profit after holding assets for just over three months.
- Additional revenue from production from March 1 to July 31, 2021 estimated at ~$80,000.
- Proceeds to be reinvested into better performing assets; CEO cites creative deal flow.