UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
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Securities registered pursuant to Section 12(g) of the Exchange Act:
Title of Each Class | Trading Symbol |
Name of each exchange on which registered | ||
OTCPK |
Item 7.01 Regulation FD Disclosure
On December 1, 2022, Purebase Corporation issued a press release announcing the entering into a non-binding Term Sheet with Arelac, Inc., doing business as Fortera Corporation for development of a commercial plant. On May 2, 2023, Purebase issued a press release announcing that it would not be pursuing the commercial plant with Fortera. A copy of the press release is attached as Exhibit 99.1 to this report and incorporated herein by reference.
The information contained in this Item 7.01 of this Current Report on Form 8-K is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. | Description | |
99.1 | Press Release, dated May 2, 2023 | |
104 | Cover Page Interactive Data File (Embedded within the Inline XBRL document and included in Exhibit) |
2 |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 3, 2023 | PUREBASE CORPORATION | |
By: | /s/ A. Scott Dockter | |
A. Scott Dockter | ||
Chief Executive Officer |
3 |
Exhibit 99.1
Purebase Terminates non-binding Term Sheet
IONE, CA, May 2, 2023 - Purebase Corporation (OTCPK: PUBC), (“Purebase”) a diversified mineral resource company, headquartered in Ione, California, has elected to terminate the non-binding Term Sheet with Fortera Corporation regarding the proposed construction of an onsite commercial manufacturing plant. As a result, Purebase currently intends to move forward with constructing a manufacturing facility to produce products on its own.
Scott Dockter, Purebase CEO stated: “A significant amount of time was spent to ensure that we evaluated the best path forward for developing Purebase’s manufacturing capabilities. As a result, Purebase intends to move forward with construction of its own manufacturing facility to produce carbon reducing Supplementary Cementitious Materials “SCM” products in Ione, CA.”
About Purebase Corporation
Purebase Corporation (OTCPK:PUBC) is a diversified resource company that acquires, develops, and markets minerals for use in the agriculture, construction, and other specialty industries.
Safe Harbor
This press release contains statements, which may constitute “forward-looking statements”. Those statements include statements regarding the intent, belief, or current plans or expectations of Purebase Corporation and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ materially from those contemplated by such forward-looking statements. Risks and other important factors concerning Purebase’s business are described in the Company’s Annual Report on Form 10-K for the year ended November 30, 2022, and other periodic and current reports filed with the Securities and Exchange Commission. The Company is under no obligation to, and expressly disclaims any such obligation to update its forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contacts
Emily Tirapelle - Purebase Corporation | emily.tirapelle@purebase.com.
Cover |
May 02, 2023 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | May 02, 2023 |
Entity File Number | 000-55517 |
Entity Registrant Name | PUREBASE CORPORATION |
Entity Central Index Key | 0001575858 |
Entity Tax Identification Number | 27-2060863 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 8631 State Hwy. 124 |
Entity Address, City or Town | Ione |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 95640 |
City Area Code | (209) |
Local Phone Number | 274-9143 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, par value $0.001 |
Trading Symbol | PUBC |
Entity Emerging Growth Company | false |
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