{"schema_version":"secwatch.filing_event.v1","accession":"0001199835-24-000048","form_type":"8-K","ticker":"LRDC","cik":"0001442492","company_name":"Laredo Oil, Inc.","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.207315+00:00","generated_at":"2026-06-06T18:14:45.355842+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Laredo Oil subsidiary raises $2.034M from investors for Montana drilling and lease acquisition","bullets":["Hell Creek Crude receives $2,034,000 from accredited investors to fund a development well and acquire oil and gas leases in Midfork Field, Montana.","Investors holding $575,000 in Laredo convertible debt will have that debt treated as an investment under the Participation Agreement.","Initial well targets the Ratcliff Zone; investors get 90% BPO working interest, shifting to 50/50 after payout.","If initial well is a dry hole, the $575,000 convertible note is reinstated in full by Laredo.","Investors have exclusive rights to participate in up to two additional wells on the Lands."],"urls":{"canonical":"https://secwatch.observer/filing/0001199835-24-000048","json":"https://secwatch.observer/filing/0001199835-24-000048.json","markdown":"https://secwatch.observer/filing/0001199835-24-000048.md","text":"https://secwatch.observer/filing/0001199835-24-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1442492/000119983524000048/0001199835-24-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1442492/000119983524000048/form_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:14:45.355842+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f1320432f20ddd537fd09b664db5b40d7cf5fa57","claim":"Laredo Oil, Inc. entered into Participation Agreement with certain accredited investors valued at $2,034,000 (effective 2024-01-19).","evidence_excerpt":"Hell Creek Crude, LLC, a wholly owned subsidiary of Laredo Oil, Inc. (the “Company”), has entered into a Participation Agreement, dated January 19, 2024 (the “Participation Agreement”), under which certain accredited investors provided $2,034,000 to fund the drilling of a development well and the acquisition of certain oil and gas leases in the Midfork Field in Montana.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1442492/000119983524000048/0001199835-24-000048-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"certain accredited investors"},{"label":"Value","value":"$2,034,000"},{"label":"Effective","value":"2024-01-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}