Laredo Oil subsidiary receives $1.6M; plans $2.0M Participation Agreement for well drilling

Laredo Oil, Inc.

Hell Creek Crude received $1,617,850 from accredited investors pending a Participation Agreement.
Existing convertible debt of $575,000 (plus interest) will be included in the agreement.
Additional $416,150 expected from investors, bringing total funding to $2.034 million.
Proceeds will fund a development well and acquire leases from Lustre Oil Company, a subsidiary.
Final terms of the Participation Agreement to be disclosed after execution.

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