Verde Resources Completes Asset Acquisition
Ticker: VRDR · Form: 8-K · Filed: Jan 24, 2025 · CIK: 1506929
| Field | Detail |
|---|---|
| Company | Verde Resources, Inc. (VRDR) |
| Form Type | 8-K |
| Filed Date | Jan 24, 2025 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, assets, mining
TL;DR
Verde Resources just bought more assets, expanding their gold & silver game.
AI Summary
Verde Resources, Inc. announced the completion of an acquisition of assets on January 17, 2025. The company, incorporated in Nevada, is involved in the gold and silver ores industry. The filing details the completion of this acquisition, which is a significant event for the company's operational expansion.
Why It Matters
This acquisition marks a significant step for Verde Resources, Inc. in expanding its asset base within the gold and silver mining sector.
Risk Assessment
Risk Level: medium — Acquisitions carry inherent risks related to integration, valuation, and market reception, which could impact Verde Resources' financial performance.
Key Players & Entities
- Verde Resources, Inc. (company) — Registrant
- January 17, 2025 (date) — Date of earliest event reported
- Nevada (jurisdiction) — State of incorporation
- 000-55276 (filing_id) — Commission File Number
- 32-0457838 (tax_id) — IRS Employer Identification No.
- 8112 Maryland Ave , Suite 400 , St. Louis , Missouri 63105 (address) — Address of principal executive offices
- ( 314 ) 530-9071 (phone_number) — Registrant's telephone number
FAQ
What specific assets were acquired by Verde Resources, Inc.?
The filing states the completion of an acquisition or disposition of assets but does not specify the nature or details of the assets acquired.
What was the financial impact of this acquisition on Verde Resources, Inc.?
The filing does not provide specific financial details or the dollar amount associated with the completed acquisition.
When did the acquisition officially close?
The earliest event reported, which is the completion of the acquisition, occurred on January 17, 2025.
Does this filing include financial statements related to the acquisition?
The filing indicates 'Financial Statements and Exhibits' as an item of information, suggesting that related financial information may be included within the full document or exhibits.
What is Verde Resources, Inc.'s primary industry?
Verde Resources, Inc. is listed under the Standard Industrial Classification for Gold & Silver Ores [1040].
Filing Stats: 475 words · 2 min read · ~2 pages · Grade level 10.9 · Accepted 2025-01-24 08:05:13
Filing Documents
- vrdr_8k.htm (8-K) — 21KB
- vrdr_ex101.htm (EX-10.1) — 3KB
- vrdr_ex101img4.jpg (GRAPHIC) — 178KB
- vrdr_ex101img1.jpg (GRAPHIC) — 258KB
- vrdr_ex101img2.jpg (GRAPHIC) — 235KB
- vrdr_ex101img3.jpg (GRAPHIC) — 242KB
- 0001640334-25-000155.txt ( ) — 1393KB
- vrdr-20250117.xsd (EX-101.SCH) — 6KB
- vrdr-20250117_lab.xml (EX-101.LAB) — 13KB
- vrdr-20250117_cal.xml (EX-101.CAL) — 1KB
- vrdr-20250117_pre.xml (EX-101.PRE) — 8KB
- vrdr-20250117_def.xml (EX-101.DEF) — 2KB
- vrdr_8k_htm.xml (XML) — 3KB
01 Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets. On January 17, 2025, Verde Resources, Inc. (the "Company"), through Verde Estates LLC, a Missouri limited liability company ("VEL"), which is a wholly-owned subsidiary of the Company's wholly-owned subsidiary, Verde Renewables, Inc., entered into a Purchase and Sale Agreement (the "Agreement") to sell its property in La Belle Missouri (the "Property") to TAFleer Properties LLC, a Missouri limited liability company (the "Buyer"). Under the terms of the Agreement, the proceeds for the sale of the Property shall be USD 350,000 to be paid in full by the Buyer at closing, in cash or by bank draft or money order. The disposition of the Property was completed on January 17, 2025.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits The Purchase and Sale Agreement between Verde Estates LLC and TAFleer Properties LLC is attached hereto as Exhibit 10.1. 10.1 Purchase and Sale Agreement between Verde Estates LLC and TAFleer Properties LLC 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: January 24, 2025 3