---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-027228"
form_type: "8-K"
ticker: "PUBC"
cik: "0001575858"
company_name: "Purebase Corp"
filed_at: "2022-09-30T23:59:59+00:00"
generated_at: "2026-06-23T06:20:43.977636+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Purebase settles lawsuit; receives 8.67M shares from Gauer, grants option to repurchase at $2.50

## Summary
- Settlement with Agregen, Hurtado, Gauer, Gingerich resolves Nevada lawsuit CV19-00097.
- Gauer surrenders 8,669,400 shares to Purebase as part of settlement.
- Gauer receives immediately exercisable five-year option to repurchase 8,669,400 shares at $2.50 per share.
- Lawsuit dismissed with prejudice; each party bears own attorneys' fees and costs.
- Option shares are unregistered and subject to resale restrictions under securities laws.

## SEC filing metadata
- accession: 0001493152-22-027228
- form_type: 8-K
- ticker: PUBC
- cik: 0001575858
- company_name: Purebase Corp
- filed_at: 2022-09-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575858/000149315222027228/0001493152-22-027228-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575858/000149315222027228/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-027228
- JSON: https://secwatch.observer/filing/0001493152-22-027228.json
- Plain text: https://secwatch.observer/filing/0001493152-22-027228.txt

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