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Verde Bio Holdings, Inc. Announces Acquisition of Permian Basin Mineral and Royalty Interest
Verde Bio Holdings, Inc.April 21, 2021 GMT Acquisition Includes Revenue Producing Interests in the Historic Permian Basin of Texas
FRISCO, TEXAS, April 21, 2021 (GLOBE NEWSWIRE) via NewMediaWire Verde Bio Holdings, Inc. (OTC: VBHI), a growing oil and gas Company, today announced that it has closed on the acquisition of revenue producing mineral and royalty interests in the prolific Permian Basin of Texas, held by a private seller for a purchase price of $430,000 in cash. The interest acquired by Verde currently produces approximately $7,000 per month in revenue and Verde is entitled to the cash flow from production attributable to the acquisition beginning on or after April 1, 2021.