---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-25-017965"
form_type: "8-K"
ticker: "PUBC"
cik: "0001575858"
company_name: "Purebase Corp"
filed_at: "2025-10-14T23:59:59+00:00"
generated_at: "2026-05-17T03:53:47.646622+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Purebase issues $123K convertible promissory note to Vanquish Funding, netting $100K

## Summary
- Principal amount $123,050 includes $16,050 original issue discount; net proceeds $100,000 after fees.
- Note bears 12% interest (22% if not timely paid); matures July 30, 2026.
- On default, convertible into common stock at 35% discount to share price, subject to 4.99% beneficial ownership cap.
- Repayment schedule: $68,908 due Mar 30, 2026, then $17,227 monthly through July 30, 2026.

## SEC filing metadata
- accession: 0001493152-25-017965
- form_type: 8-K
- ticker: PUBC
- cik: 0001575858
- company_name: Purebase Corp
- filed_at: 2025-10-14T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575858/000149315225017965/0001493152-25-017965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575858/000149315225017965/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-25-017965
- JSON: https://secwatch.observer/filing/0001493152-25-017965.json
- Plain text: https://secwatch.observer/filing/0001493152-25-017965.txt

## Key facts
- Equity Issuances
  Purebase Corp issued convertible note to Vanquish Funding Group Inc. for principal amount of $123,050 (including $16,050 of original issue discount).
  - Security: convertible note
  - Purchaser: Vanquish Funding Group Inc.
  - Consideration: principal amount of $123,050 (including $16,050 of original issue discount)
  source text: On September 24, 2025, Purebase Corporation, a Nevada corporation (the “Company”), entered into a securities purchase agreement with Vanquish Funding Group Inc., a Virgina corporation (“Vanquish”), pursuant to which the Company issued to Vanquish a promissory note (the “Note”) in the principal amount of $123,050 (including $16,050 of original issue discount) and received funds of $100,000 after legal fees of $2,500 and a due diligence fee of $4,500.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1575858/000149315225017965/0001493152-25-017965-index.htm

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