STOCKHOLDERS EQUITY

3 Months Ended

Sep. 30, 2023

STOCKHOLDERS EQUITY

STOCKHOLDERS' EQUITY

NOTE 13 - STOCKHOLDERS’ EQUITY

Authorized Stock

The Company has authorized 10,000,000,000 common shares and 50,000,000 preferred shares, both with a par value of $0.001 per share. Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought.

Preferred stock outstanding

There are no preferred shares outstanding as of September 30, 2023 and June 30, 2023.

Common stock outstanding

During the period ended September 30, 2023, 13,981,624 restricted Common Shares were committed to be issued pursuant to private placement comprising of 11,538,461 restricted Common Shares for US$1,050,000 at US$0.091 per share to four non-US shareholders, 1,943,163 restricted Common Shares for US$176,828 at US$0.091 per share to twelve US shareholders and 500,000 restricted Common Shares for US$50,000 at US$0.1 per share to three US Shareholders.

On September 8, 2023, the Company, through its wholly-owned subsidiary Verde Renewables, Inc.(“VRI”) entered into a Service and Stock Cancellation Agreement with Steven Sorhus to cancel the Services Agreement dated December 1, 2022, including the cancellation of 171,591 restricted common shares issued at $0.20 on December 31, 2022 totalling $34,318 as consideration for certain services.  The cancellation is still in process.

On September 12, 2023, the Company, through its wholly-owned subsidiary Verde Renewables, Inc.(“VRI”) entered into a Service and Stock Cancellation Agreement with YM Tengku Chanela Jamidah YAM Tengku Ibrahim to cancel the Services Agreement dated November 30, 2022, including the cancellation of 333,333 restricted common shares issued at $0.20 on December 31, 2022 totalling $66,667 as consideration for certain services.  The cancellation is still in process.

On September 8, 2023, the Company, through its wholly-owned subsidiary Verde Renewables, Inc.(“VRI”) entered into a Service and Stock Cancellation Agreement with EMGTA LLC to cancel the Services Agreement dated December 1, 2022, including the cancellation of 375,000 restricted common shares issued at $0.20 on December 31, 2022 totalling $75,000 as consideration for certain services.  The cancellation is still in process.

Not considering the commitment to issue and cancel shares as above, there were 1,176,200,278 shares of common stock issued and outstanding as of September 30, 2023 and June 30, 2023.

The Company has no stock option plan, warrants, or other dilutive securities issued during the period.