M&A
confidence high
sentiment positive
materiality 0.65
Verde Bio Holdings sells two mineral/oil royalty interests for $1.07M, achieving ~78% profit
VERDE BIO HOLDINGS, INC.
- Sale of two mineral and oil/gas royalty interests for $1,068,300 cash; closing on or before Oct 21, 2022.
- Verde achieves ~78% profit on sale, plus all production revenue through Nov 2022 retained.
- Proceeds to be reinvested into higher-return assets; company evaluating additional acquisitions.
- CEO cites opportunistic execution of business model: buying low, selling in high commodity price environment.