# EDGAR Filing Document

**Accession Number:** 0001506929
**File Stem:** 0001640334-23-000254
**Filing Date:** 2023-2
**Character Count:** 5433
**Document Hash:** 5193a0321d744ac42c5663bf39055ff2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001640334-23-000254.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001640334-23-000254

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 34

**CONFORMED PERIOD OF REPORT**: 20230224

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VERDE RESOURCES, INC.
- **CENTRAL INDEX KEY:** 0001506929
- **STANDARD INDUSTRIAL CLASSIFICATION:** GOLD & SILVER ORES [1040]
- **IRS NUMBER:** 272448672
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 000-55276
- **FILM NUMBER:** 23665043

**BUSINESS ADDRESS:**
- **STREET 1:** 2 CITYPLACE DRIVE
- **STREET 2:** SUITE 200
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63141
- **BUSINESS PHONE:** (323) 5385799

**MAIL ADDRESS:**
- **STREET 1:** 2 CITYPLACE DRIVE
- **STREET 2:** SUITE 200
- **CITY:** ST. LOUIS
- **STATE:** MO
- **ZIP:** 63141

?xml version="1.0" encoding="utf-8"?vrdr_8k.htm

**UNITED STATES**

 **SECURITIES AND EXCHANGE COMMISSION**

 **Washington, D.C. 20549**

 **FORM 8-K**

 **CURRENT REPORT**

Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) **<u>February 24, 2023</u>**

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| |
|:---|
| **Verde Resources, Inc.**  |
| (Exact name of registrant as specified in its charter) |

---

---

| | | |
|:---|:---|:---|
| **Nevada** | **000-55276** | **32-0457838** |
| (State or other jurisdiction of | (Commission File Number) | (IRS Employer |
| incorporation) |  | Identification No.) |

---

**<u>2 Cityplace Drive, Suite 200 St. Louis, MO 63141</u>**

(Address of principal executive offices)

Registrant's telephone number, including area code **<u>(323) 538 5799</u>**

________________________________________________

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 504 of the Securities Act of 1933 (§230.405 of this Chapter) or Rule 12b-25 of the Securities Exchange Act of 1934 (§240.12b-2 of this Chapter).

Emerging Growth Company ☐

&nbsp;&nbsp;&nbsp;&nbsp;

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 2.01 Completion of Acquisition or Disposition of Assets.**

On May 10, 2021, Verde Resources, Inc. (the "Company"), through its wholly-owned subsidiary Verde Resources Asia Pacific Limited ("VRAP") (fka Gold Billion Global Limited), a company incorporated under the laws of the British Virgin Islands, entered into a Sale and Purchase Agreement (the "S&P Agreement") with Borneo Energy Sdn Bhd ("Borneo Energy"), a company incorporated under the laws of the Malaysia, to acquire from Borneo Energy the assets of its biofraction plant and the right to use its licensed intellectual property known as "Catalytic Biofraction Process" in the state of Sabah, Malaysia. Under the terms of the S&P Agreement, the consideration for the acquisitions shall be satisfied in full by the issuance of 166,666,667 shares of the Company's restricted common stock at the price per share of $0.03. The acquisition from Borneo Energy the assets of its biofraction plant and the right to use its licensed intellectual property known as "Catalytic Biofraction Process" in the state of Sabah, Malaysia was completed on February 24, 2023.

**Item 9.01 Financial Statements and Exhibits.**

The Sale and Purchase Agreement is attached hereto as Exhibit 10.1.

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| | |
|:---|:---|
| [10.1](vrdr_ex101.htm) | [Sale and Purchase Agreement with Borneo Energy Sdn Bhd](vrdr_ex101.htm) |

---

2<br>

**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 |
| President and CEO |

---

Date: February 24, 2023

3<br>

## Exhibit 10.1

**EXHIBIT 10.1**

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