Verde Bio (VBHI) and SensaSure Technologies (SSTC) Announce Plans To Merge, File Registration Statement with SEC
Oil and gas royalty emerger, Verde Bio Holdings, Inc. (VBHI) has announced its intention to merge with SensaSure Technologies (SSTC) and Formation Minerals, a wholly-owned subsidiary of SSTC. Verde will more with and into Formation, resulting in Formation Minerals to be surviving entity. If the Merger is approved shareholders of VBHI can expect to receive shares of SSTC stock correlated to the exchange ratio formula provided in the Merger Agreement.
Additionally, Verde announced the filing of a Registration Statement (Form-S4) with the SEC for the merger with SensaSure. Both parties are diligently working to close the Merger as soon as possible that will result in the newly listed OTCQB oil and gas minerals and royalties company. The Registration Statement is subject to review by the SEC before it can become effective.
CEO of Verde Bio Scott Cox stated, “As a result of the Merger, we believe the combined company will be a well-positioned oil and gas minerals pure play company squarely focused on the acquisition of high quality, cash flowing oil and gas minerals and royalties, an opportunity that we believe all stakeholders in our companies are highly excited about. We look forward to the upcoming closing and diving in headfirst into the tremendous opportunity before us.”
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