---
schema_version: "secwatch.filing_event.v1"
accession: "0001640334-24-001304"
form_type: "8-K/A"
ticker: "VRDR"
cik: "0001506929"
company_name: "VERDE RESOURCES, INC."
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:39:59.971890+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001640334-24-001304
- form_type: 8-K/A
- ticker: VRDR
- cik: 0001506929
- company_name: VERDE RESOURCES, INC.
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1506929/000164033424001304/0001640334-24-001304-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1506929/000164033424001304/vrdr_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001640334-24-001304
- JSON: https://secwatch.observer/filing/0001640334-24-001304.json
- Plain text: https://secwatch.observer/filing/0001640334-24-001304.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.