Verde Resources issues 9.66M shares at $0.07 each to settle $675,888 debt

VERDE RESOURCES, INC.

Issued 9,655,542 restricted shares to Borneo Oil Berhad at $0.07/share to satisfy $675,888 promissory note.
Shares issued under exemption from registration per Section 4(2) and Regulation D 506(b).
Supplementary agreement executed August 16, 2024, converting original March 2023 debt settlement into equity.
Debt originally owed by former subsidiary Champmark Sdn Bhd to Borneo Oil Corporation Sdn Bhd.

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