Verde Resources issues 6M shares to two asphalt industry experts for services

VERDE RESOURCES, INC.

Engaged Dr. Nam Tran and Dr. Raymond Powell as National Implementation Experts for subsidiary Verde Renewables.
Each to receive 3,000,000 restricted shares in three tranches: July 2024, Oct 2025, Oct 2026.
Services include connecting with asphalt contractors, identifying partners, and exploring collaboration opportunities.
Shares issued under Section 4(2)/Rule 506(b) exemption; no underwriters or fees paid.
Agreements effective until April 30, 2027, with possible renewal on mutually agreed terms.

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 RESOURCES, INC. entered into Services Agreements with Dr. Nam Tran and Dr. Raymond Powell valued at 3,000,000 shares of the Company’s restricted common stock (effective 2024-04-20).

Action: entry
Counterparty: Dr. Nam Tran and Dr. Raymond Powell
Value: 3,000,000 shares of the Company’s restricted common stock
Effective: 2024-04-20

Exact text from the filing

On April 20, 2024, Verde Resources, Inc. (the “Company”) entered into two Services Agreements (the “Agreements”) with Dr. Nam Tran and Dr. Raymond Powell

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VERDE RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001640334-24-000698

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