secwatch.observer — SEC 8-K summary
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Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001640334-23-000369
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Resources subsidiary settles $675,888 debt via cash or restricted shares at $0.07/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423000369/0001640334-23-000369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423000369/vrdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-000369

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