Verde Bio Holdings Inc (VBHI)

[Jerry70]

$ VBHI. Verde Bio Holdings, Inc. Announces Acquisition of Tri-Shale Portfolio of Mineral and Royalty Interest 8:00 am ET May 12, 2021
--Acquisition includes Diversified Portfolio of Oil and Natural Gas in DJ Basin of Colorado, the Piceance Basin of NW Colorado, and the Utica Shale of Eastern Ohio--

Verde Bio Holdings, Inc. (OTC: VBHI), a growing oil and gas company, today announced that it has agreed to the purchase of a portfolio of mineral and royalty interests held by a private seller for a purchase price of $1,097,000 in cash. The interests to be acquired by Verde currently produces combined revenue of approximately $24,000 per month and Verde is entitled to the cash flow from production attributable to the acquisition beginning on or after May 1, 2021. The acquisition is expected to close on or before May 18, 2021.

The Company continues to build a diversified, revenue-producing portfolio of high-quality assets. Today's announcement brings the total number of acquisitions to 15. The current expected combined revenue from these acquisitions is approximately $82,000 per month or approximately $984,000 on an annualized basis once Verde is in pay status on all properties.

Acquisition Highlights: DJ Basin highlights:

The significant upside of expected, untapped revenue with two wells currently shut-in.