Robert Gardner agreed to acquire 56.02% stake in Laredo Resources Corp. from Ruth Cruz Santos for $0.02 million on September 10, 2012. Ruth Cruz Santos agreed to transfer 2 million shares Robert Gardner.

The source of the consideration paid to Ruth Cruz Santos was the existing funds of Robert Gardner. In connection with the sale of the controlling interest in Laredo Resources Corp, the Board of Directors appointed Robert Gardner to Laredo Board of Directors and to serve as Laredo President, Chief Executive Officer, Chief Financial Officer, Secretary and Treasurer. Following this appointment, the Board accepted the resignation of Ruth Cruz Santos as former sole officer and Director.