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Purebase Receives Funding from Existing Shareholder Group

by | Sep 30, 2019 | news

IONE, CA, Sept. 30, 2019 (GLOBE NEWSWIRE) — Purebase Corporation (OTCQB: PUBC), a natural mineral resource company, headquartered in Ione, California, is pleased to announce that it has received a financing commitment of up to $1M from one of its largest shareholders, US Mine Corp., a privately held mining and exploration company owned by certain Directors of Purebase Corporation. 

US Mine Corp. has committed to funding Purebase on an as-needed basis, in the form of debt, over the next twelve months as Purebase continues to expand sales and its customer base into new markets. US Mine Corp. will have a right to convert the debt at $0.16, which is the three-month volume-weighted average price of trading as of the close on September 25, 2019. On September 10, 2019, Purebase announced that US Mine Corp. has converted all its outstanding debt to equity.              

Purebase’s CEO, Scott Dockter stated, “US Mine Corp. has been an instrumental partner to Purebase for several years. As our largest shareholder, US Mine Corp is committed and continues to support Purebase’s funding requests on an as needed basis as we ramp up the growth and near-term opportunities.

Newbridge Securities Corporation, a full-service securities brokerage, and investment banking firm, served as a financial advisor to the transaction.

About PureBase Corporation

Purebase Corporation (OTCQB: PUBC) is a diversified company that acquires, develops, and markets natural mineral resources in the form of soil amendment solutions. 

Contacts
David Harvey | Purebase Corporation
David.Harvey@purebase.com
And please visit our corporate website – www.purebase.com

Safe Harbor

This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current 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 that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company’s reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company’s web site at www.purebase.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Purebase Signs International Distribution Contract with New Asia Markets Partner

by | Sep 11, 2019 | news

IONE, CA – (September 11, 2019) – Purebase Corporation (OTCQB: PUBC), a natural mineral resource company, headquartered in Ione, California, is pleased to announce that it has signed a commercial agreement with New Ag Technologies, Inc., a California based distributor of specialty agricultural products focused on the Asian markets. It is also the first commercial agreement Purebase has signed to deliver its high-quality soil amendments outside of the United States.

 Purebase is scheduled to ship the initial containers of this custom-blended bio-stimulant product into Vietnam within the next three weeks. Moreover, Purebase intends to increase its production phase of this blend throughout 2019 to better serve the needs of New Ag Technologies’ and their clients located in Thailand, Laos, and Cambodia.

 Purebase CEO, announced today that, “This is our first international partnership and marks a significant milestone for the Company.” Further adding, “We have been diligently searching for the right partner to represent our company and its high-level of standards in the Asia market, and have obtained that in our relationship with New Ag Technologies.” 

 About PureBase Corporation
Purebase Corporation (OTCQB: PUBC) is a diversified company that acquires, develops, and markets natural mineral resources in the form of soil amendment solutions to the international agricultural industry.

 Contacts

David Harvey | Purebase Corporation
David.Harvey@purebase.com

And please visit our corporate website – www.purebase.com

 Safe Harbor

This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current 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 that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company’s reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company’s web site at www.purebase.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

Purebase Eliminates Existing Liabilities In Debt-For-Equity Swap

by | Sep 10, 2019 | news

IONE, CA – (September 10th, 2019) – Purebase Corporation (OTCQB: PUBC), a natural mineral resource company, headquartered in Ione, California, is pleased to announce that it has eliminated $5,422,362.86 of liabilities through a Debt-For-Equity exchange with existing noteholders into 60,248,484 restricted common stock at the conversion price of $0.09.  The party converting their debt is U.S. Mine Corp., a privately held mining company owned by certain Directors of Purebase Corporation.

 Purebase CEO, Scott Dockter said, “The demand for high-quality specialized soil amendment, minerals, and bio-stimulants for sustainable agriculture continues to grow, and we wanted to communicate to the market that our largest shareholders are confident in the company’s path ahead.  Mr. Dockter added, “We have been funding the company since it was a start-up, and as the company matures into the next phase of growth, we felt like it was the right time to clean up the company’s balance sheet.” 

 About PureBase Corporation
Purebase Corporation (OTCQB: PUBC) is a diversified company that acquires, develops, and markets natural mineral resources in the form of soil amendment solutions to the international agricultural industry.

 Contacts

David Harvey | Purebase Corporation
David.Harvey@purebase.com

And please visit our corporate website – www.purebase.com

 Safe Harbor

This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current 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 that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company’s reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company’s web site at www.purebase.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.