secwatch.observer — SEC 8-K summary
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Issuer:     VERDE RESOURCES, INC. (VRDR)
CIK:        0001506929
Form:       8-K/A
Filed at:   2024-08-19T23:59:59+00:00
Accession:  0001640334-24-001304
Event type: debt
Sentiment:  negative
Materiality: 0.75
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1506929/000164033424001304/0001640334-24-001304-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1506929/000164033424001304/vrdr_8ka.htm
  HTML page:      https://secwatch.observer/filing/0001640334-24-001304

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