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.
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