---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-009952"
form_type: "8-K"
ticker: "PUBC"
cik: "0001575858"
company_name: "Purebase Corp"
filed_at: "2022-04-14T23:59:59+00:00"
generated_at: "2026-06-26T07:23:13.947280+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Purebase converts $2.5M debt into 23.7M shares and opens new $1M convertible note facility

## Summary
- All six outstanding convertible notes held by affiliate USMC were converted into 23,741,654 common shares on April 7, 2022.
- New Securities Purchase Agreement with USMC allows up to $1M in additional 5% convertible notes at $0.39/share, two-year maturity.
- Maturity dates for three existing notes (totaling $178,000) extended to April 30, 2022, and defaults waived.
- Snow White Mine purchase deadline extended to April 1, 2023, under amendment with Bremer Family Trust.
- CEO Scott Dockter and director John Bremer are officers/directors of USMC and the Trust, indicating related-party transactions.

## SEC filing metadata
- accession: 0001493152-22-009952
- form_type: 8-K
- ticker: PUBC
- cik: 0001575858
- company_name: Purebase Corp
- filed_at: 2022-04-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575858/000149315222009952/0001493152-22-009952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575858/000149315222009952/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-009952
- JSON: https://secwatch.observer/filing/0001493152-22-009952.json
- Plain text: https://secwatch.observer/filing/0001493152-22-009952.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.