Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Laredo Oil, Inc.: Increased authorized shares of common stock from 90,000,000 to 120,000,000 (effective 2023-05-23).
- Change
- charter amendment
- Effective
- 2023-05-23
Exact text from the filing
Effective May 23, 2023, the Company amended the first paragraph of Article Fourth of its Certificate of Incorporation. The amendment to Article Fourth increased the total number of authorized shares of the Company’s Common Stock, $0.0001 par value, from 90,000,000 shares to 120,000,000 shares.
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M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.95
Laredo Oil, Inc. completed a disposition involving Mark See for $97,760 of Mr. See's unpaid compensation (closed 2023-05-23).
- Action
- disposition
- Counterparty
- Mark See
- Consideration
- $97,760 of Mr. See's unpaid compensation
- Closing
- 2023-05-23
Exact text from the filing
Effective May 23, 2023, Laredo Oil, Inc. (the “Company”) transferred to Mark See, the Company’s Chief Executive Officer, two vehicles, a 2018 Ford Explorer and a John Deere Hoe Loader Model 420F2, which the Company determined had a combined current market value of $97,760. The transfer of the vehicles to Mr. See was in consideration of $97,760 of Mr. See’s unpaid compensation.
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