other material
confidence high
sentiment neutral
materiality 0.40
Laredo Oil retains Dawson James as financial advisor; $30k/quarter cash + 2.6M shares as compensation
Laredo Oil, Inc.
- Engagement term is 12 months; either party may terminate after 60 days with 30 days written notice.
- Cash compensation: $30,000 per quarter, first payment due one business day after signing.
- Equity compensation: 2,600,000 shares of common stock, issued in installments over four quarters.
- If Dawson secures at least $5M in equity financing, it gets right to act as lead manager or placement agent for subsequent offerings.
- Advisory services cover business/financial planning, corporate structure, and private/public financing.