Purebase Corp (PUBC): debt financing — Purebase Corp enters $1M line of credit from CEO affiliate; convertible at 8%

Purebase Corp

Unsecured line of credit from CoreTer LLC (owned by CEO Scott Dockter) for up to $1,000,000 until Feb 27, 2027.
Interest at 8% per annum; prepayment allowed without penalty or interest.
Outstanding principal and interest convertible at holder's option into common stock at 20-day VWAP.
Proceeds to be used for payroll, unpaid invoices, and operating expenses.
Conversion shares issued in private placement exempt from registration under Section 4(a)(2).

item 1.01 item 2.03 item 3.02 item 9.01

Key facts

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 $1,000,000 with CorTer, LLC at 8% per annum maturing February 27, 2027.

Instrument: convertible notes
Principal: $1,000,000
Counterparty: CorTer, LLC
Rate: 8% per annum
Maturity: February 27, 2027
Event: incurrence

Exact text from the filing

(“CoreTer”) which is owned and managed by A. Scott Dockter, the Company’s Chief Executive Officer, under which CoreTer agreed to make an unsecured loan to the Company of up to $1,000,000 until February 27, 2027. Any loan amounts may be prepaid by the Company without interest or penalty. On February 27, 2026, the Company also issued an unsecured promissory note to

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.4

Purebase Corp issued common stock to CoreTer.

Security: common stock
Purchaser: CoreTer

Exact text from the filing

the Conversion Shares will be exempt from registration under Section 4(a)(2) as promulgated by the SEC under of the Securities Act, as transactions by an issuer not involving a public offering.

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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 and unsecured promissory note with CorTer, LLC valued at Line of credit of up to $1,000,000; Note bears interest at 8% per annum, matures February 27, 2027 (effective 2026-02-27).

Action: entry
Agreement: credit facility
Counterparty: CorTer, LLC
Value: Line of credit of up to $1,000,000; Note bears interest at 8% per annum, matures February 27, 2027
Effective: 2026-02-27

Exact text from the filing

On February 27, 2026, Purebase Corporation, a Nevada corporation (the “Company”) entered into a line of credit agreement (the “Line of Credit Agreement”) with CorTer, LLC, a Nevada limited liability company (“CoreTer”) which is owned and managed by A. Scott Dockter, the Company’s Chief Executive Officer, under which CoreTer agreed to make an unsecured loan to the Company of up to $1,000,000 until February 27, 2027.

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26 debt financings filed in the last 30 days. Browse all debt financings →

Purebase Corp filing history →

Source: SEC EDGAR

accession 0001493152-26-008516

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