other material
confidence high
sentiment negative
materiality 0.90
Purebase issues 72.8M shares to CEO's entity for loan conversion and expense reimbursement
Purebase Corp
- Issued 50,311,184 shares to CoreTer, LLC for $1,013,870.97 loan conversion under convertible note.
- Issued additional 22,526,655 shares to CoreTer as reimbursement for $453,957 of operating expenses.
- Total shares issued: 72,837,839; exempt under Section 4(a)(2) as transaction not involving public offering.
- CoreTer is owned and managed by CEO A. Scott Dockter.