--RecentlyAlso Designated as Penny Stock Exempt--
FRISCO, Tex. - (NewMediaWire) - October 22, 2021 - VerdeBio Holdings, an oil and gas Company with revenue producing mineral and royaltyinterests in ~391 wells across the most active areas in America, is pleased toannounce that it has qualified to trade on the OTCQB Venture Market operated bythe OTC Markets Group Inc.
TheCompany’s common shares, symbol VBHI, began trading today, October 22, on theOTCQB, a significant step up for Verde Bio Holdings.
“We are proud of our progressover the past year as a public Company, building a dynamic Company with asignificant portfolio of revenue producing assets. The move to OTCQB is anotherimportant step for the Company and, combined with the recent Penny Stock ExemptDesignation, will significantly enhance Verde Bio Holdings’ visibility in thepublic markets and contribute to broadening our shareholder base,” said ScottCox, CEO of VBHI. “The exemptdesignation allows stockbrokers nationwide to recommend VBHI.”
The OTCQB Venture Market isdesigned for entrepreneurial and development stage U.S. and internationalcompanies looking to provide investors greater transparency and tradingliquidity. To be eligible for quotation on the OTCQB, companies must be currentin their financial reporting and undergo an annual verification and managementcertification process, as well as meet a $0.01 minimum bid test and other stringentfinancial conditions. With the enhanced compliance and higher qualitystandards, the OTCQB is intended to give investors improved protections, alongwith more comprehensive information for making trading decisions.
About Verde Bio Holdings, Inc. Verde Bio Holdings, Inc. (OTC:VBHI) is a U.S. Energy Company based in Frisco, Texas, engaged in theacquisition and management of Mineral and Royalty interests in lower risk,onshore oil and gas properties within the major oil and gas plays in the U.S.The Company’s dual-focused growth strategy relies primarily on leveragingmanagement’s expertise to grow through the strategic acquisition of revenueproducing royalty interest and strategic and opportunistic non-operated workinginterests.
Safe Harbor Statement under the Private SecuritiesLitigation Reform Act of 1995:
Statements in this press release that are not strictlyhistorical are “forward-looking” statements within the meaning of Section 27Aof the Securities Act of 1933, as amended and Section 21E of the SecuritiesExchange Act of 1934, as amended. These statements involve a high degree ofrisk and uncertainty, are predictions only and actual events or results maydiffer materially from those projected in such forward-looking statements.Factors that could cause or contribute to differences include the uncertaintyregarding viability and market acceptance of the Company’s products andservices, the ability to complete software development plans in a timelymanner, changes in relationships with third parties, product mix sold by theCompany and other factors described in the Company’s most recent periodicfilings with the Securities and Exchange Commission, including its 2019 AnnualReport on Form 10-K and quarterly reports on Form 10-Q.
Contact:
Paul Knopick
940.262.3584
pknopick@eandecommunications.com
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