{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-024513","form_type":"8-K","ticker":"PUBC","cik":"0001575858","company_name":"Purebase Corp","filed_at":"2023-07-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.399248+00:00","generated_at":"2026-06-13T08:44:13.093628+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Purebase enters $1M line of credit with affiliate; 8% note convertible at $0.10","bullets":["Line of credit up to $1,000,000 from U.S. Mine Corp. (affiliate); unsecured convertible grid note at 8% interest matures July 10, 2024.","At maturity, lender may convert outstanding principal and accrued interest into common shares at $0.10 per share; prepayment without penalty allowed.","Proceeds used for working capital and general corporate purposes.","Related-party: CEO A. Scott Dockter and director John Bremer are also officers/directors/shareholders of USMC.","Default interest rate of 13% per annum on overdue amounts; note unsecured."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-024513","json":"https://secwatch.observer/filing/0001493152-23-024513.json","markdown":"https://secwatch.observer/filing/0001493152-23-024513.md","text":"https://secwatch.observer/filing/0001493152-23-024513.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1575858/000149315223024513/0001493152-23-024513-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1575858/000149315223024513/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T08:44:13.093628+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a26779feff57862a96bda09896236dc0df74516c","claim":"Purebase Corp entered into Line of Credit Agreement with U.S. Mine Corp. valued at $1,000,000 (effective 2023-07-10).","evidence_excerpt":"On July 10, 2023 (the “Effective Date”), Purebase Corporation, a Nevada corporation (the “Company”), entered into a line of credit agreement (the “Line of Credit Agreement”) with U.S. Mine Corp., a Nevada corporation and affiliate of the Company (“USMC”), pursuant to which USMC will make a line of credit available to the Company, in the maximum principal amount of $1,000,000, for a period of one year (the “Line of Credit”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1575858/000149315223024513/0001493152-23-024513-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"U.S. Mine Corp."},{"label":"Value","value":"$1,000,000"},{"label":"Effective","value":"2023-07-10"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}