Verde Resources Amends MOU Filing
Ticker: VRDR · Form: 8-K/A · Filed: May 17, 2024 · CIK: 1506929
| Field | Detail |
|---|---|
| Company | Verde Resources, Inc. (VRDR) |
| Form Type | 8-K/A |
| Filed Date | May 17, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: amendment, mou, agreement-update
TL;DR
VERDE RESOURCES AMENDS MOU FILING WITH AVZ & GCI.
AI Summary
Verde Resources, Inc. filed an amendment (8-K/A) on May 17, 2024, to update Item 1.01 regarding a Memorandum of Understanding (MOU) originally filed on August 10, 2023. This amendment concerns the MOU with Andre van Zyl (AvZ) and Green Carbon Industries Group of Companies (GCI).
Why It Matters
This amendment clarifies details related to a previously announced Memorandum of Understanding, potentially impacting ongoing business relationships and future strategic directions for Verde Resources.
Risk Assessment
Risk Level: low — The filing is an amendment to a previous report and does not introduce new material events or financial distress.
Key Players & Entities
- Verde Resources, Inc. (company) — Registrant
- Andre van Zyl (person) — Party to MOU
- Green Carbon Industries Group of Companies (company) — Party to MOU
- May 15, 2024 (date) — Date of earliest event reported
- August 10, 2023 (date) — Original MOU filing date
FAQ
What specific item in the original 8-K filing is being updated by this 8-K/A?
Item 1.01 of the original 8-K filing is being updated.
What is the name of the Memorandum of Understanding (MOU) being referenced?
The MOU is between Verde Resources, Inc. and Andre van Zyl (AvZ) & Green Carbon Industries Group of Companies (GCI).
When was the original 8-K filing for this MOU submitted?
The original 8-K filing was submitted on August 10, 2023.
What is the date of the earliest event reported in this amended filing?
The date of the earliest event reported is May 15, 2024.
What is the ticker symbol for Verde Resources, Inc.?
The filing does not explicitly state the ticker symbol for Verde Resources, Inc.
Filing Stats: 508 words · 2 min read · ~2 pages · Grade level 11.7 · Accepted 2024-05-17 14:59:51
Filing Documents
- vrdr_8ka.htm (8-K/A) — 21KB
- 0001640334-24-000838.txt ( ) — 135KB
- vrdr-20240515.xsd (EX-101.SCH) — 6KB
- vrdr-20240515_lab.xml (EX-101.LAB) — 13KB
- vrdr-20240515_cal.xml (EX-101.CAL) — 1KB
- vrdr-20240515_pre.xml (EX-101.PRE) — 8KB
- vrdr-20240515_def.xml (EX-101.DEF) — 2KB
- vrdr_8ka_htm.xml (XML) — 4KB
02 Termination of a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement On August 7, 2023, Verde Resources, Inc. (the "Company") entered into a Memorandum of Understanding (the "MOU") with Andre van Zyl ("AvZ") & Green Carbon Industries Group of Companies ("GCI"), a company with headquarters in Western Australia, to actively pursue and put in place a mutually agreeable and fully funded project venture in North America, through the Company to securely ring-fence, support, preserve and implement the existing and related Intellectual Property of both parties and their respective subsidiaries/representatives, as well as to fund and support ongoing and future Research and Developments. On May 15, 2024, the Company, AvZ and GCI mutually agreed to terminate the collaboration laid out in the MOU in its entirety. The MOU is rendered null and void effective May 15, 2024. 2
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. VERDE RESOURCES, INC. /s/ Jack Wong Jack Wong Chief Executive Officer Date: May 17, 2024 3