Verde Bio sells oil and gas mineral interests in LA, OH, WY for $150K

VERDE BIO HOLDINGS, INC.

Sale of 100% mineral/royalty interests in DeSoto Parish (LA), Belmont County (OH), Laramie County (WY) for $150K.
Transaction closed on Nov 27, 2023; effective date Nov 1, 2023; buyer gets production revenue from effective date.
Buyer is Carolina Natural Resource Group LLC. Seller disclaims all warranties; property sold 'as is, where is'.
Proceeds of $150K from sale of non-core assets; no change to operations or guidance disclosed.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VERDE BIO HOLDINGS, INC. entered into Purchase and Sale Agreement with Carolina Natural Resource Group LLC valued at $150,000 (effective 2023-11-27).

Action: entry
Agreement: asset purchase
Counterparty: Carolina Natural Resource Group LLC
Value: $150,000
Effective: 2023-11-27

Exact text from the filing

Verde Bio Holdings, Inc. (the “Company”) entered into a Purchase and Sale Agreement (“Purchase Agreement”) with Carolina Natural Resource Group LLC (“Buyer”) whereby the Company agreed to sell, assign and convey to Buyer 100% of Seller’s right, title and interest in certain oil and gas mineral and royalty interests, overriding royalty interests and other similar interests associated with properties located in DeSoto Parish, Louisiana, Belmont County Ohio and Laramie County, Wyoming (the “Properties”).

View on SEC.gov

85 material agreements filed in the last 30 days. Browse all material agreements →

VERDE BIO HOLDINGS, INC. filing history →

Source: SEC EDGAR

accession 0001096906-23-002332

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.