Verde Resources issues 750,000 shares for business services with EMGTA LLC

VERDE RESOURCES, INC.

750,000 restricted shares in two tranches of 375,000 each due by Dec 31, 2022 and Dec 31, 2023.
EMGTA to provide business plan, marketing strategy, and customer identification for 25 months.
Shares issued under Section 4(2)/Rule 506(b) exemption; no underwriters or fees.
Agreement effective Dec 1, 2022, renewable by mutual consent on separate terms.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 1.0

VERDE RESOURCES, INC. entered into Services Agreement with EMGTA LLC valued at 750,000 shares of restricted common stock (effective 2022-12-01).

Action: entry
Counterparty: EMGTA LLC
Value: 750,000 shares of restricted common stock
Effective: 2022-12-01

Exact text from the filing

On December 1, 2022, Verde Resources, Inc. (the “Company”), through its wholly-owned subsidiary Verde Renewables, Inc. (“VRI”), a company incorporated in the State of Missouri, U.S.A., entered into a Services Agreement (the “Agreement”) with EMGTA LLC (“EMGTA”).

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VERDE RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001640334-22-002560

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