Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Purebase Corp incurred convertible notes of up to $618,000 with U.S. Mine Corp. at 8% per annum maturing February 7, 2026.
- Instrument
- convertible notes
- Principal
- up to $618,000
- Counterparty
- U.S. Mine Corp.
- Rate
- 8% per annum
- Maturity
- February 7, 2026
- Event
- incurrence
Exact text from the filing
Reference is made to the disclosure set forth under Item 1.01 above, which disclosure is incorporated herein by reference. On February 8, 2024 (the “Issuance Date”), the Company issued USMC an 8% unsecured convertible promissory note in the principal amount of up to $618,000 (the “Convertible Note”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Purebase Corp entered into Line of Credit Agreement with U.S. Mine Corp. valued at $1,000,000 (effective 2024-03-07).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- U.S. Mine Corp.
- Value
- $1,000,000
- Effective
- 2024-03-07
Exact text from the filing
On March 7, 2024 (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 made a line of credit available to the Company, for a period of one year commencing on the Effective Date, in the maximum principal amount of $1,000,000 (the “2024 Line of Credit”).
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