secwatch.observer — SEC 8-K summary
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Issuer:     Purebase Corp (PUBC)
CIK:        0001575858
Form:       8-K
Filed at:   2026-05-12T19:30:14+00:00
Accession:  0001493152-26-022473
Event type: other_material
Sentiment:  negative
Materiality: 0.90
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Purebase issues 72.8M shares to CEO's entity for loan conversion and expense reimbursement
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1575858/000149315226022473/0001493152-26-022473-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1575858/000149315226022473/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-022473

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer