secwatch.observer — SEC 8-K summary
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Issuer:     Purebase Corp (PUBC)
CIK:        0001575858
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001493152-24-006899
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Purebase issues 8.88M shares to US Mine Corp. for note conversion, eliminating $1.53M debt
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- 8,877,923 common shares issued to US Mine Corp. to convert $1,525,676.42 principal plus $87,210.83 interest.
- 2022 Notes converted at $0.39/share (three notes totaling $919,209.58); 2023 Notes at $0.10/share ($606,467.84).
- All amounts deemed paid-in-full and notes cancelled; no further obligations to US Mine Corp.
- CEO A. Scott Dockter and director John Bremer are also officers/directors/shareholders of US Mine Corp.
- Issuance exempt under Section 4(a)(2) and Rule 506(b); no public offering.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575858/000149315224006899/0001493152-24-006899-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575858/000149315224006899/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-006899

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