$ VBHI. FRISCO, TEXAS, June 10, 2021 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.”
