secwatch.observer — SEC 8-K summary
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Issuer:     Laredo Oil, Inc. (LRDC)
CIK:        0001442492
Form:       8-K
Filed at:   2023-12-21T23:59:59+00:00
Accession:  0001199835-23-000619
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1442492/000119983523000619/0001199835-23-000619-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1442492/000119983523000619/form_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001199835-23-000619

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