×

Laredo Announces Financing Agreement

VIRGINIA CITY, Mont., May 1, 2013 (GLOBE NEWSWIRE) -- 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.comSource:Laredo Resources Corp.