secwatch.observer — SEC 8-K summary
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Issuer:     Laredo Oil, Inc. (LRDC)
CIK:        0001442492
Form:       8-K
Filed at:   2022-07-25T23:59:59+00:00
Accession:  0001199835-22-000416
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Laredo Oil retains Dawson James as financial advisor; $30k/quarter cash + 2.6M shares as compensation
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1442492/000119983522000416/0001199835-22-000416-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1442492/000119983522000416/lrdc-8k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-22-000416

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