---
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"
generated_at: "2026-05-15T22:39:20.403567+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Purebase Corp enters $1M line of credit from CEO affiliate; convertible at 8%

## Summary
- 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).

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-26-008516
- JSON: https://secwatch.observer/filing/0001493152-26-008516.json
- Plain text: https://secwatch.observer/filing/0001493152-26-008516.txt

## 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_url: https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/0001493152-26-008516-index.htm
- 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_url: https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/0001493152-26-008516-index.htm

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