---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-22-000569"
form_type: "8-K"
ticker: "LRDC"
cik: "0001442492"
company_name: "Laredo Oil, Inc."
filed_at: "2022-09-27T23:59:59+00:00"
generated_at: "2026-06-23T07:12:15.376010+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Laredo Oil enters $7.5M secured note purchase agreement; initial $50K note issued

## Summary
- Note Purchase Agreement dated Sept 23, 2022 for aggregate principal up to $7,500,000.
- Initial promissory note of $50,000 issued; additional issuances allowed until Nov 30, 2022.
- Notes accrue interest at 10% per annum and mature on Sept 23, 2025.
- Notes secured by pledge of all equity in wholly-owned subsidiary Hell Creek Crude LLC.
- Proceeds will be used for general corporate purposes and working capital.

## SEC filing metadata
- accession: 0001199835-22-000569
- form_type: 8-K
- ticker: LRDC
- cik: 0001442492
- company_name: Laredo Oil, Inc.
- filed_at: 2022-09-27T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442492/000119983522000569/0001199835-22-000569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442492/000119983522000569/laredo_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-22-000569
- JSON: https://secwatch.observer/filing/0001199835-22-000569.json
- Plain text: https://secwatch.observer/filing/0001199835-22-000569.txt

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