Item 2.01. Completion of Acquisition or Disposition of Assets
Effective May 23, 2023, Laredo Oil, Inc. (the "Company") transferred to Mark
See, the Company's Chief Executive Officer, two vehicles, a 2018 Ford Explorer
and a John Deere Hoe Loader Model 420F2, which the Company determined had a
combined current market value of $97,760. The transfer of the vehicles to Mr.
See was in consideration of $97,760 of Mr. See's unpaid compensation.
Item 5.03. Amendment to Articles of Incorporation or Bylaws; Change in Fiscal
Year
Effective May 23, 2023, the Company amended the first paragraph of Article
Fourth of its Certificate of Incorporation. The amendment to Article Fourth
increased the total number of authorized shares of the Company's Common Stock,
$0.0001 par value, from 90,000,000 shares to 120,000,000 shares. The amendment
was approved and adopted by the Company's directors and stockholders holding a
majority of the outstanding shares of the Company's common stock, in accordance
with Delaware law.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit
Exhibit Certificate of Amendment to Certificate of Incorporation, dated May
10.1 23, 2023.
Exhibit Cover Page Interactive Data File (embedded within the Inline XBRL
104 document)
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