{"schema_version":"secwatch.filing_event.v1","accession":"0001640334-23-000369","form_type":"8-K","ticker":"VRDR","cik":"0001506929","company_name":"VERDE RESOURCES, INC.","filed_at":"2023-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.312888+00:00","generated_at":"2026-06-18T00:27:16.445061+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Verde Resources subsidiary settles $675,888 debt via cash or restricted shares at $0.07/share","bullets":["Indirect subsidiary Champmark Sdn Bhd entered a Settlement of Debts Agreement with creditor Borneo Oil Corp Sdn Bhd.","Total debt of $675,888 can be settled in cash or by issuing restricted shares at $0.07 per share.","Shares, if issued, will be restricted and delivered to the creditor or its nominee.","Promissory note term is two years; settlement must be completed within that period."],"urls":{"canonical":"https://secwatch.observer/filing/0001640334-23-000369","json":"https://secwatch.observer/filing/0001640334-23-000369.json","markdown":"https://secwatch.observer/filing/0001640334-23-000369.md","text":"https://secwatch.observer/filing/0001640334-23-000369.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1506929/000164033423000369/0001640334-23-000369-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1506929/000164033423000369/vrdr_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T00:27:16.445061+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"22c64b21ff4edb27c4221967067ffeb4127b10f6","claim":"VERDE RESOURCES, INC. entered into Settlement of Debts Agreement with Borneo Oil Corporation Sdn Bhd valued at USD 675,888 (effective 2023-03-13).","evidence_excerpt":"entered into a Settlement of Debts Agreement (the “SDA Agreement”) and a two year term period Promissory Note with CSM’s creditor Borneo Oil Corporation Sdn Bhd (the “Creditor”) to settle in full a total of USD 675,888 of CSM’s account payable to the Creditor either in cash or by the issuance of new restricted shares of the Company’s common stock at a price of $0.07 per share.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1506929/000164033423000369/0001640334-23-000369-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"settlement"},{"label":"Counterparty","value":"Borneo Oil Corporation Sdn Bhd"},{"label":"Value","value":"USD 675,888"},{"label":"Effective","value":"2023-03-13"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}