As consideration for the SORC shares, we paid Alleghany $72,678 in cash and agreed to pay Alleghany a seven-year royalty of 5.0% of our future revenues and net profits from our oil, gas, gas liquids …
Such fees and reimbursements were effectively all of our revenues prior to our acquisition of SORC pursuant to the closing of the Securities Purchase Agreement with Alleghany
d consist of investments in companies in which the Company can exercise significant influence but not control. Under the equity method of accounting, the investment is initially recorded at cost, the…
Laredo Oil, Inc. Debt Obligations
Instrument
Description
Confidence
Evidence
LRDC-DEBT-10793
Xbrl Convertible
90%
xbrl convertible detail from xbrl 2024-05-31.
LRDC-DEBT
Debt stack $4.8M
90%
Market cache reports total debt of $4.8M.
Laredo Oil, Inc. Acquisitions
No acquisitions on recordNo completed or pending acquisitions found in our database for Laredo Oil, Inc..
Laredo Oil, Inc. Ownership
Holder
Name
Confidence
Evidence
LRDC-OWNER-BARCLAYS-PLC
BARCLAYS PLC
90%
13F overlay lists BARCLAYS PLC as top holder; 6 tracked holders.
