---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-21-000614"
form_type: "8-K"
ticker: "LRDC"
cik: "0001442492"
company_name: "Laredo Oil, Inc."
filed_at: "2021-10-06T23:59:59+00:00"
generated_at: "2026-06-28T22:32:50.914527+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Laredo Oil issues $114K convertible note to Geneva Roth, nets $100K

## Summary
- Sold a convertible promissory note with $114,125 principal; net proceeds of $100,000.
- Note bears 8% interest (22% upon default); matures October 1, 2022.
- Conversion price is 75% of the average 3 lowest closing bid prices over 15 days before conversion, after 180 days.
- Prepayment allowed in first 180 days at 110%-115% of principal plus interest; no prepayment thereafter without investor consent.
- Default triggers liquidated damages up to 300% of the note amount; 4.99% ownership cap on conversion.

## SEC filing metadata
- accession: 0001199835-21-000614
- form_type: 8-K
- ticker: LRDC
- cik: 0001442492
- company_name: Laredo Oil, Inc.
- filed_at: 2021-10-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442492/000119983521000614/0001199835-21-000614-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442492/000119983521000614/form-8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-21-000614
- JSON: https://secwatch.observer/filing/0001199835-21-000614.json
- Plain text: https://secwatch.observer/filing/0001199835-21-000614.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.