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, 2024. 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, 2023
$ 0.20
$ 0.071
September 30, 2023
$ 0.43
$ 0.0651
December 31, 2023
$ 0.17
$ 0.0721
March 31, 2024
$ 0.15
$ 0.101
June 30, 2024
$ 0.57
$ 0.105
September 30, 2024
$ 0.37
$ 0.1721
As of September 13, 2024, we had 211 shareholders of record of our common stock and 1,240,374,345 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, 2024, 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, 2024, except the following transaction.
On April 12, 2024, shares that were committed to be issued as of March 31, 2024 were fully settled by way of issuance of 2,881,274 restricted Common Shares at $0.108 per share to four non-US shareholders in settlement of $311,178 subscription amounts paid, and issuance of 200,000 restricted Common Shares on April 15, 2024 at $0.091 per share to one US shareholder in settlement of $18,200 subscription amount paid.
On April 15, 2024, the Company issued a total of 2,855,555 restricted Common Shares to four US shareholders, in which 2,300,000 restricted Common Shares were issued at $0.10 per share to two US shareholders and 555,555 restricted Common Shares were issued at $0.09 per share to one US shareholder.
On May 24, 2024, pursuant to the Service and Stock Cancellation Agreements with Steven Sorhus and YM Tengku Chanela Jamidah YAM Tengku Ibrahim dated September 8, 2023 and September 12, 2023 respectively, the Company re-issued 128,409 and 166,667 restricted Common Shares to Steven Sorhus and YM Tengku Chanela Jamidah YAM Tengku Ibrahim respectively for their services rendered till cancellation.
On August 8, 2024, the Company issued 700,000 of the Company’s restricted Common Shares to Dale Ludwig as part of the compensation package for their services to be rendered for the period from June 1, 2024 to April 30, 2025 as stated in the Services Agreement.
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, 2024.
Item 6. [Reserved] .
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Table of Contents
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.