---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-22-000389"
form_type: "8-K"
ticker: "LRDC"
cik: "0001442492"
company_name: "Laredo Oil, Inc."
filed_at: "2022-07-05T23:59:59+00:00"
generated_at: "2026-06-24T21:15:08.147607+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Laredo Oil secures $750k loan at 15% with revenue royalty, secured by Cat Creek interest

## Summary
- Principal $750,000 from Cali Fields LLC at 15% annual interest; due Dec 31, 2023.
- Quarterly revenue royalty of 0.5% on all hydrocarbon production revenue from June 2022 through May 2027.
- Loan secured by Laredo's 50% membership interest in Cat Creek Holdings LLC.
- Prepayment permitted without penalty; default rate increases to 18%.
- Funds used for general corporate purposes; no specific use stated.

## SEC filing metadata
- accession: 0001199835-22-000389
- form_type: 8-K
- ticker: LRDC
- cik: 0001442492
- company_name: Laredo Oil, Inc.
- filed_at: 2022-07-05T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442492/000119983522000389/0001199835-22-000389-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442492/000119983522000389/lrdc_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-22-000389
- JSON: https://secwatch.observer/filing/0001199835-22-000389.json
- Plain text: https://secwatch.observer/filing/0001199835-22-000389.txt

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