Laredo Announces Financing Agreement
May 01 2013 - 8:00AM
Laredo Resources Corp., (OTCQB:LRDR) ("Laredo") is pleased to
announce it has entered into an agreement with a well known
independent and privately owned investment banking firm ("The
Fund"), located in Toronto, Canada. The Fund is offering a full
range of financial advisory services and will act as agent, on a
best efforts basis, to conduct a $2.5 million private placement
offering for the exploration and development of the pending
acquisition of Pony Mountain Gold ("The Pony"). The Fund is very
active in the "Mining Sector", particularly precious metals, having
played a role in transactions with a combined value of $4.5
billion. Full details of the underwriting will be disclosed at the
time the stock price underlying the proposed transaction is
established. The Pony is located at the foot of the Tobacco Root
Mountains in the historic Mineral Hills Mining District in the
State of Montana, USA. There is an approximate 4000-acre package of
claims, assembled over decades by a local family and an area
geologist. The property consists of several previously mined,
underground, hard-rock vein systems and contains 'dumps' created by
'drifted tunnels'. The pending acquisition, extended by an
agreement of the parties, will be formalized in a definitive
agreement which is currently being processed.
Laredo Resources Corp. Safe Harbor
Statement
This press release may contain forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements, based on the current plans and
expectations of management, are subject to a number of
uncertainties and risks that could significantly affect Laredo's
current and future plans and expectations, which Laredo undertakes
no future obligation to publicly revise.
No stock exchange or regulatory organization in the USA or
Canada accepts responsibility for the adequacy or accuracy of this
release.
CONTACT: Robert C. Gardner
Phone: 1-406-213-4700
E-mail: robertgardner@laredoresources.biz
Websites: www.laredoresources.com
www.ponymountaingold.com
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