secwatch.observer — SEC 8-K summary
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Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001640334-23-001958
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Verde Resources engages Donald Fosnacht for biochar certification, issues 1 million restricted shares
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- Verde Resources subsidiary Verde Renewables entered a services agreement with Donald R. Fosnacht to develop certification for biochar construction products.
- The company will issue 1,000,000 restricted common shares to Fosnacht as payment, due by January 31, 2024.
- The agreement runs through December 31, 2025, with possible renewal on mutually agreed terms.
- The stock issuance was made in reliance on Section 4(2) and Rule 506(b) exemption from registration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423001958/0001640334-23-001958-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033423001958/vrdr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001640334-23-001958

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer