Purebase cancels mining rights and stock options; CEO to buy 122.9M shares

Purebase Corp

Cancels rights to purchase 100M tons of metakaolin and 116M stock options at $0.38.
CEO Scott Dockter agrees to buy 122,945,823 shares from USMC for ~$14.6M plus interest.
USMC converts $2.03M in loans into 27.2M shares; debt extinguished.
Purebase gets 6-month option to buy mining equipment at fair market value.
Purebase receives assignment of 2,500-acre BLM mining lease in Nevada; rescinds Snow White Mine purchase.

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