Each one in plain English, with the numbers worked through for a shareholder.
17 June 2013material agreement▲ GoodMajor
Looking for a real project, Verde agreed to issue 10 million escrowed shares to Gold Billion Global Limited in exchange for a 10% interest in the Merapoh Gold Mine in Pahang, Malaysia, pending a cash deposit into the company - its first move toward becoming a Malaysian gold miner.
Verde again renegotiated its small Nevada mineral-claim payments with Gold Explorations, stretching a $10,000 installment into monthly payments - a sign the shell was still operating on a shoestring.
Verde dismissed its auditor Child, Van Wagoner & Bradshaw (whose prior reports flagged going-concern doubt) and engaged Sadler, Gibb & Associates, with no disagreements reported - a routine change for a still-dormant shell.
As a small Nevada exploration shell run by President Stephen Spalding, Verde Resources got its Nevada mineral-claim seller, Gold Explorations LLC, to push back the deadline for completing its 2011 work program to 2012 - the kind of deferral typical of a barely-funded shell keeping a claim alive.