Verde Resources terminates MOU with Andre van Zyl & Green Carbon Industries

VERDE RESOURCES, INC.

MOU originally filed Aug 10, 2023, aimed at a North American project venture using IP and R&D.
On May 15, 2024, Verde Resources, AvZ, and GCI mutually agreed to terminate the MOU entirely.
MOU is rendered null and void effective May 15, 2024; no reason or financial terms disclosed.

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. terminated Memorandum of Understanding with Andre van Zyl and Green Carbon Industries Group of Companies (effective 2024-05-15).

Action: termination
Agreement: collaboration
Counterparty: Andre van Zyl and Green Carbon Industries Group of Companies
Effective: 2024-05-15

Exact text from the filing

On May 15, 2024, the Company, AvZ and GCI mutually agreed to terminate the collaboration laid out in the MOU in its entirety.

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VERDE RESOURCES, INC. filing history →

Source: SEC EDGAR

accession 0001640334-24-000838

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