Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
Market Information
Our Common Stock is now quoted on the OTCQB, under the symbol “VRDR”. Our stock was approved for quotation on the OTCBB on September 26, 2012. However, the Company’s Common Stock did not begin active trading until October 2013.
The following table sets forth the high and low bid prices for our Common Stock per quarter as reported by the OTCQB for the most recent two (2) fiscal years, based on our fiscal year end June 30, 2023. These prices represent quotations between dealers without adjustment for retail mark-up, markdown or commission, and may not represent actual transactions.
Fiscal Quarter Ended
High
Low
June 30, 2022
$ 0.20
$ 0.03
September 30, 2022
$ 0.16
$ 0.10
December 31, 2022
$ 0.20
$ 0.09
March 31, 2023
$ 0.1505
$ 0.055
June 30, 2023
$ 0.25
$ 0.071
September 30, 2023
$ 0.45
$ 0.08
As of October 2, 2023, we had 125 shareholders of record of our common stock and 1,176,200,278 shares issued and outstanding.
Dividend Policy
We have not paid any cash dividends on our Common Stock and have no present intention of paying any dividends on the shares of our Common Stock. Our current policy is to retain earnings, if any, for use in our operations and in the development of our business. Our future dividend policy will be determined from time to time by our board of directors.
Equity Compensation Plan Information
None.
Recent Sales of Unregistered Securities; Use of Proceeds from Registered Securities
We did not sell any equity securities which were not registered under the Securities Act during the year ended June 30, 2023, that were not otherwise disclosed on our quarterly reports on Form 10-Q or our current reports on Form 8-K filed during the fiscal year ended June 30, 2023, except the following transaction.:
On April 21, 2023, the Company issued 1,428,571 restricted Common shares for $100,000 at $0.07 per share and 480,768 restricted Common shares for $50,000 at $0.104 per share to one non-US shareholder.
Purchase of Equity Securities by the Issuer and Affiliated Purchasers
We did not purchase any of our shares of common stock or other securities during our fiscal year ended June 30, 2023.
Item 6. [Reserved] .
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.