---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-017406"
form_type: "8-K/A"
ticker: "PUBC"
cik: "0001575858"
company_name: "Purebase Corp"
filed_at: "2022-06-21T23:59:59+00:00"
generated_at: "2026-06-25T00:23:51.449184+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Purebase restructures mining rights deal: $50M note rescinded, replaced with option for 116M shares at $0.38

## Summary
- Convertible promissory note of $50M retroactively rescinded ab initio as of Oct 6, 2021.
- Replacement consideration: US Mine granted option to purchase 116M shares at $0.38 per share.
- Option vests in tranches: 58M shares on Apr 6, 2022; 29M on Oct 6, 2022; 29M on Apr 6, 2023; expires Apr 6, 2028.
- CEO Scott Dockter and director John Bremer are manager-members of US Mine; disinterested directors approved.
- Amended and Restated Amendment filed June 17, 2022 to correct Section 3 of the prior amendment.

## SEC filing metadata
- accession: 0001493152-22-017406
- form_type: 8-K/A
- ticker: PUBC
- cik: 0001575858
- company_name: Purebase Corp
- filed_at: 2022-06-21T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575858/000149315222017406/0001493152-22-017406-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575858/000149315222017406/form8-ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-017406
- JSON: https://secwatch.observer/filing/0001493152-22-017406.json
- Plain text: https://secwatch.observer/filing/0001493152-22-017406.txt

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