{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-008516","form_type":"8-K","ticker":"PUBC","cik":"0001575858","company_name":"Purebase Corp","filed_at":"2026-03-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.505638+00:00","generated_at":"2026-05-15T22:39:20.403567+00:00","sec_items":["1.01","2.03","3.02","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Purebase Corp enters $1M line of credit from CEO affiliate; convertible at 8%","bullets":["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)."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-008516","json":"https://secwatch.observer/filing/0001493152-26-008516.json","markdown":"https://secwatch.observer/filing/0001493152-26-008516.md","text":"https://secwatch.observer/filing/0001493152-26-008516.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/0001493152-26-008516-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T22:39:20.403567+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"67965d7c5efef843c57037d87499501caed9d3d2","claim":"Purebase Corp incurred convertible notes of $1,000,000 with CorTer, LLC at 8% per annum maturing February 27, 2027.","evidence_excerpt":"(“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","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/0001493152-26-008516-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"$1,000,000"},{"label":"Counterparty","value":"CorTer, LLC"},{"label":"Rate","value":"8% per annum"},{"label":"Maturity","value":"February 27, 2027"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2470870bfc8effe003773449cac2ec43562bbc9a","claim":"Purebase Corp issued common stock to CoreTer.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 3.02/3.03","evidence_url":"https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/0001493152-26-008516-index.htm","confidence":0.4,"family_label":"Equity Issuances","details":[{"label":"Security","value":"common stock"},{"label":"Purchaser","value":"CoreTer"}],"fact_type":"equity_issuance"},{"claim_id":"cc1b28fc56ed9145c49633aa2c1a1cd30af92a60","claim":"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).","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/0001493152-26-008516-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"CorTer, LLC"},{"label":"Value","value":"Line of credit of up to $1,000,000; Note bears interest at 8% per annum, matures February 27, 2027"},{"label":"Effective","value":"2026-02-27"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}