Verde Bio acquires Utica Shale mineral interests for $175k cash

VERDE BIO HOLDINGS, INC.

Purchase price $175,000 cash for mineral and oil/gas royalty interests in Belmont County, Ohio.
Interests operated by Ascent Resources; current production yields ~$3,000/month revenue.
Acquisition expected to close on or before November 30, 2021; effective date November 1, 2021.
Bolt-on deal adds to existing portfolio; company cites bullish outlook on natural gas.

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