secwatch.observer — SEC 8-K summary
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Issuer:     Purebase Corp (PUBC)
CIK:        0001575858
Form:       8-K/A
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001493152-23-039786
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Purebase cancels 116M share option in US Mine pact, adopts $20/ton royalty
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- Cancelled US Mine's option to purchase up to 116,000,000 shares of common stock.
- Replaced with production royalty of $20.00 per ton of kaolin clay for supplementary cementitious materials.
- CEO A. Scott Dockter and director John Bremer are manager-members of US Mine; abstained from board approval.
- Amendment dated November 1, 2023 to Materials Extraction Agreement originally dated May 27, 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575858/000149315223039786/0001493152-23-039786-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575858/000149315223039786/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039786

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer