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VBHI - Verde Bio Holdings Inc News Story

$0.009 -0.0  -1.1%

Last Trade - 2:50pm

Market Cap £8.11m
Enterprise Value £7.98m
Revenue £190k
Position in Universe 6889th / 7412

Verde Bio Holdings, Inc. Announces Closing of $10 Million Reg A Offering

Thu 10th June, 2021 2:00pm
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-- Well Positioned to Capitalize on Significant Market Opportunities --

FRISCO, TEXAS, June 10, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire
(https://www.globenewswire.com/Tracker?data=fklXHgpazsqtxacP0B8WP5WCSmtenEXwh3pWht3A-0a3LjGrvi-dCA9GNus8o0sfYi1MLomY0hyd-sKeHEKRO98AwOSTqPVE1cUCnADEcTw=)
-- Verde Bio Holdings, Inc. (OTC: VBHI), a growing oil and gas Company, today
announced the closing of its $10 million offering under Regulation A-Tier 2.

Utilizing the gross proceeds from the offering, the Company has built and will
continue to build a diversified, revenue producing portfolio of high-quality
assets. To date, Verde has acquired 15 properties. The current expected
combined revenue from the acquisitions is approximately $82,000 per month or
approximately $984,000 on an annualized basis once Verde is in pay status on
all properties. Further, the Company is currently evaluating numerous
additional revenue producing acquisitions across multiple basins.

“We are very pleased with the strong support from the financial community
for Verde’s vision and the representative growth opportunities for our
unique business model,” stated Scott Cox, Chief Executive Officer.  “In
addition to strengthening Verde’s overall financial position through debt
retirement, completion of this funding enables us to continue to aggressively
pursue deals in the current low-priced markets and capitalize on opportunities
we are pursuing.”

“The amazing response from investors really confirms the validity of our
business plan of acquiring diversified minerals and royalties and building a
diversified portfolio while taking advantage of the historic buyer’s market
in the industry currently. We remain focused on executing our business plan
and creating long-term value for our shareholders. Through our balanced
approach of capital raising and acquisitions, we have built a foundation for a
dynamic Company with significant revenue and assets and look forward to
continuing to build on this through future strategic acquisitions,” Mr. Cox
concluded. 

About Verde Bio Holdings, Inc.
Verde Bio Holdings, Inc. (OTC: VBHI), is a growing U.S. Energy Company based
in Frisco, Texas, engaged in the acquisition and development of high-growth
mineral rights and select non-operated working interests in premier U.S.
basins. Verde currently owns producing mineral, royalty and over-riding
royalty interests in the Denver-Julesburg Basin of Colorado and Wyoming, the
Haynesville Shale of Louisiana, the Anadarko Basin of Oklahoma, the Delaware
and Permian Basin of Texas and the Marcellus and Utica shales in West Virginia
and Ohio. The Company is focused on providing strong shareholder returns
through asset growth generated by our acquisitions of revenue producing
assets.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:
Statements in this press release that are not strictly historical are
“forward-looking” statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended. These statements involve a high degree of risk and
uncertainty, are predictions only and actual events or results may differ
materially from those projected in such forward-looking statements. Factors
that could cause or contribute to differences include the uncertainty
regarding viability and market acceptance of the Company’s products and
services, the ability to complete software development plans in a timely
manner, changes in relationships with third parties, product mix sold by the
Company and other factors described in the Company’s most recent periodic
filings with the Securities and Exchange Commission, including its 2019 Annual
Report on Form 10-K and quarterly reports on Form 10-Q.

Contact:
Paul Knopick E & E Communications
pknopick@eandecommunications.com
940.262.3584

(https://www.globenewswire.com/NewsRoom/AttachmentNg/66851c2f-ea03-44a1-a79e-7daf581423c1)



GlobeNewswire, Inc. 2021
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