Laredo Oil sells 6.06M shares to Robert Adamo for $267k in private placement

Laredo Oil, Inc.

Robert Adamo purchased 6,062,886 shares at $0.0441/share, total proceeds $267,319.
Shares are restricted under Rule 144; not registered under Securities Act.
Closing occurred on June 15, 2023; no specific use of proceeds stated.
Issuance represents a private placement and dilutes existing shareholders.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Laredo Oil, Inc. entered into Common Stock Purchase Agreement with Robert Adamo valued at $0.0441 per Share, or a total of $267,319.00 (effective 2023-06-15).

Action: entry
Agreement: equity purchase
Counterparty: Robert Adamo
Value: $0.0441 per Share, or a total of $267,319.00
Effective: 2023-06-15

Exact text from the filing

Laredo Oil, Inc. (the “Company”) has entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) with Robert Adamo, an individual (the “Purchaser”), dated June 15, 2023. Pursuant to the Purchase Agreement, the Purchaser purchased 6,062,886 shares of the Company’s common stock (the “Shares”) for the purchase price of $0.0441 per Share, or a total of $267,319.00.

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Laredo Oil, Inc. filing history →

Source: SEC EDGAR

accession 0001199835-23-000325

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