Item 4.01. Changes to Registrant's Certifying Accountant.
On November 21, 2022, Weaver and Tidwell, L.L.P. ("Weaver and Tidwell") notified
the Board of Directors of Laredo Oil, Inc. (the "Company") of its resignation as
the Company's independent registered public accounting firm as of that date.
The resignation of Weaver and Tidwell was accepted by the Company's audit
committee on November 29, 2022.
Weaver and Tidwell reported on the Company's financial statements for each of
the fiscal years ended May 31, 2021 through May 31, 2022. These reports did not
contain any adverse opinion or disclaimer of opinion, and were not they
qualified or modified as to uncertainty, audit scope, or accounting principles,
except for the explanatory paragraph included in the reports of Weaver and
Tidwell on the Company's consolidated financial statements as of and for the
years ended November 21, 2021 and 2022, which noted that there was substantial
doubt as to the Company's ability to continue as a going concern. Since their
retention as the Company's independent accountants through November 21, 2022,
there were no disagreements (as defined in Item 304 of Regulation S-K) with
Weaver and Tidwell on any matter of accounting principles or practices,
financial statement disclosure, or auditing scope or procedure, which
disagreements, if not resolved to the satisfaction of Weaver and Tidwell, would
have caused it to make reference in connection with any opinion to the subject
matter of the disagreement. Further, during the period of Weaver and Tidwell's
retention, there were no reportable events (as defined in Item 304(a)(1)(v) of
Regulation S-K).
The Company provided Weaver and Tidwell with a copy of the foregoing disclosures
prior to filing this Current Report on Form 8-K. A letter from Weaver and
Tidwell addressed to the Securities and Exchange Commission stating that Weaver
and Tidwell agrees with such disclosures is included as Exhibit 16.1 to this
Current Report on Form 8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit
Exhibit Letter, dated November 29, 2022, from Weaver and Tidwell to the
16.1 Securities and Exchange Commission.
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