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Stock impact report

Verde Files Registration Statement for Underwritten Public Offering and Applies for Nasdaq Uplisting [Yahoo! Finance]

VERDE RESOURCES INC (VRDR) 
NASDAQ:AMEX Investor Relations: verderesources.us/investors
Company Research Source: Yahoo! Finance
products and technologies, announced today that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") for a proposed underwritten public offering of its common stock with anticipated gross proceeds in the $5-$8 million range. Additionally, Verde announced that in connection with the offering, it has applied to list its common stock on the The Nasdaq Stock Market. Verde's Nasdaq listing would be effective upon, and a condition to, the closing of such offering. Verde intends to use the net proceeds from the offering to accelerate several strategic growth initiatives, including: Scaling production and distribution of its BioAsphaltâ„¢ technology in North America with its commercial partner, Ergon Asphalt & Emulsions, Inc.; Expanding its licensing model to establish commercial partnerships in new markets and in other regions around the world; and Engaging in research and development to deliver technologies and products Show less Read more
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