Also Designated as Penny Stock Exempt–
FRISCO, Tex. – (NewMediaWire) – October 22, 2021 – Verde
Bio Holdings, an oil and gas Company with revenue producing mineral and royalty
interests in ~391 wells across the most active areas in America, is pleased to
announce that it has qualified to trade on the OTCQB Venture Market operated by
the OTC Markets Group Inc.
Company’s common shares, symbol VBHI, began trading today, October 22, on the
OTCQB, a significant step up for Verde Bio Holdings.
“We are proud of our progress
over the past year as a public Company, building a dynamic Company with a
significant portfolio of revenue producing assets. The move to OTCQB is another
important step for the Company and, combined with the recent Penny Stock Exempt
Designation, will significantly enhance Verde Bio Holdings’ visibility in the
public markets and contribute to broadening our shareholder base,” said Scott
Cox, CEO of VBHI. “The exempt
designation allows stockbrokers nationwide to recommend VBHI.”
The OTCQB Venture Market is
designed for entrepreneurial and development stage U.S. and international
companies looking to provide investors greater transparency and trading
liquidity. To be eligible for quotation on the OTCQB, companies must be current
in their financial reporting and undergo an annual verification and management
certification process, as well as meet a $0.01 minimum bid test and other stringent
financial conditions. With the enhanced compliance and higher quality
standards, the OTCQB is intended to give investors improved protections, along
with 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 the
acquisition 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 leveraging
management’s expertise to grow through the strategic acquisition of revenue
producing royalty interest and strategic and opportunistic non-operated working
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995:
Statements in this press release that are not strictly
historical are “forward-looking” statements within the meaning of Section 27A
of the Securities Act of 1933, as amended and Section 21E of the Securities
Exchange Act of 1934, as amended. These statements involve a high degree of
risk and uncertainty, are predictions only and actual events or results may
differ materially from those projected in such forward-looking statements.
Factors that could cause or contribute to differences include the uncertainty
regarding viability and market acceptance of the Company’s products and
services, the ability to complete software development plans in a timely
manner, changes in relationships with third parties, product mix sold by the
Company and other factors described in the Company’s most recent periodic
filings with the Securities and Exchange Commission, including its 2019 Annual
Report on Form 10-K and quarterly reports on Form 10-Q.