---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-022465"
form_type: "8-K"
ticker: "PUBC"
cik: "0001575858"
company_name: "Purebase Corp"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:35:06.615145+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Purebase secures $500k secured loan with J.J. Astor; issues bonus shares, CEO provides confession of judgment

## Summary
- $500k loan from J.J. Astor & Co., secured by all assets and second deed of trust on 347-acre California property.
- Note: $650k principal ($150k OID), 40 weekly installments ($8,125 first 8, then $18,281.25), maturity May 5, 2026.
- Company issues 750k bonus shares; additional 750k if stock price < $0.50 after 90 days.
- CEO Scott Dockter executed Confession of Judgment in favor of lender.
- Note ranks senior to all debt; restrictions on incurring additional debt or granting liens without lender consent.

## SEC filing metadata
- accession: 0001641172-25-022465
- form_type: 8-K
- ticker: PUBC
- cik: 0001575858
- company_name: Purebase Corp
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1575858/000164117225022465/0001641172-25-022465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1575858/000164117225022465/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-022465
- JSON: https://secwatch.observer/filing/0001641172-25-022465.json
- Plain text: https://secwatch.observer/filing/0001641172-25-022465.txt

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