secwatch.observer — SEC 8-K summary
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Issuer:     Purebase Corp (PUBC)
CIK:        0001575858
Form:       8-K
Filed at:   2026-03-02T23:59:59+00:00
Accession:  0001493152-26-008516
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/0001493152-26-008516-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575858/000149315226008516/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-008516

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