---
schema_version: "secwatch.filing_event.v1"
accession: "0001199835-22-000705"
form_type: "8-K"
ticker: "LRDC"
cik: "0001442492"
company_name: "Laredo Oil, Inc."
filed_at: "2022-11-29T23:59:59+00:00"
generated_at: "2026-06-21T12:13:03.900579+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Laredo Oil issues $59K convertible note to JanBella Group, 8% interest, variable conversion

## Summary
- Issued convertible promissory note for $59,125 principal (including $5,375 OID) to JanBella Group, LLC.
- Note accrues 8% interest, matures Nov 18, 2023; prepayable within 180 days at 110% or 115%.
- Conversion after 180 days at 75% of avg of 3 lowest closing bid prices in prior 15 trading days.
- Note has 4.99% beneficial ownership cap and requires 4.5x reserved shares.

## SEC filing metadata
- accession: 0001199835-22-000705
- form_type: 8-K
- ticker: LRDC
- cik: 0001442492
- company_name: Laredo Oil, Inc.
- filed_at: 2022-11-29T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1442492/000119983522000705/0001199835-22-000705-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1442492/000119983522000705/laredo_8k-1.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001199835-22-000705
- JSON: https://secwatch.observer/filing/0001199835-22-000705.json
- Plain text: https://secwatch.observer/filing/0001199835-22-000705.txt

## Key facts
- Material Agreements
  Laredo Oil, Inc. entered into Securities Purchase Agreement with JanBella Group, LLC valued at $59,125 (effective 2022-11-18).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: JanBella Group, LLC
  - Value: $59,125
  - Effective: 2022-11-18
  source text: Laredo Oil, Inc. (the “Company”) has entered into a Securities Purchase Agreement, dated November 18, 2022 (the “Purchase Agreement”), pursuant to which the Company issued a convertible promissory note (the “Note”) in the aggregate principal amount of $59,125 (including a $5,375 original issue discount). The Note is payable to JanBella Group, LLC (the “Lender”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1442492/000119983522000705/0001199835-22-000705-index.htm

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