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10-Q - LAREDO OIL, INC. 11/30/2012 10-Q - Laredo Oil, Inc.laredo_10q-113012.htm
EX-31.1 - CERTIFICATION OF THE CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - Laredo Oil, Inc.exhibit_31-1.htm
EX-31.2 - CERTIFICATION OF THE CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 - Laredo Oil, Inc.exhibit_31-2.htm
EX-32.1 - CERTIFICATE PURSUANT TO 18 U.S.C. SECTION 1350 SIGNED BY THE CHIEF EXECUTIVE OFFICER - Laredo Oil, Inc.exhibit_32-1.htm
EXCEL - IDEA: XBRL DOCUMENT - Laredo Oil, Inc.Financial_Report.xls
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EX-32.1 - CERTIFICATE PURSUANT TO 18 U.S.C. SECTION 1350 SIGNED BY THE CHIEF FINANCIAL OFFICER - Laredo Oil, Inc.exhibit_32-2.htm
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Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Nov. 30, 2012
Nov. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (257,694) $ (4,225,591)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities    
Stock issued for services 20,556   
Warrants issued for services    4,931,873
Share based compensation 191,646   
Gain on revaluation of warrant liability (28,620) (481,864)
Decrease in prepaid expenses and other current assets 4,402 100
(Decrease) increase in accounts payable and accrued liabilities 54,646 (212,029)
Increase in deferred management fee revenue    40,833
NET CASH PROVIDED (USED) BY OPERATING ACTIVITIES (15,064) 53,322
CASH FLOWS FROM INVESTING ACTIVITIES      
CASH FLOW FROM FINANCING ACTIVITIES    
Repayment of notes payable    (75,000)
Repayment of convertible notes payable    (300,000)
Capital contributions    418,088
NET CASH PROVIDED BY FINANCING ACTIVITIES    43,088
Net (decrease) increase in cash and cash equivalent (15,064) 96,410
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 114,563 428
CASH AND CASH EQUIVALENTS AT END OF PERIOD 99,499 96,838
SUPPLEMENTAL DISCLOSURES:    
Interest paid    43,088
NON-CASH FINANCING ACTIVITIES:    
Reclassification of warrant liability to equity    $ 651,153