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Purebase Strengthens Board of Directors With Addition of Experienced Independent Director

by | Apr 8, 2020 | news

Purebase Strengthens Board of Directors With Addition of Experienced Independent Director

IONE, CA, April 8th, 2020 (GLOBE NEWSWIRE) — Purebase Corporation (OTCQB: PUBC), a diversified resource company, headquartered in Ione, California, today announced the appointment of Jeffrey Guzy to the company’s Board of Directors as an Independent Board Director, effective April 8th, 2020. Mr. Guzy will also chair the newly created Audit and Compensation Committees. Mr. Calvin Lim, who has served as an Independent Board Member of Purebase since January 2015 will be stepping down effective April 8th, 2020.

Purebase’s Chairman and CEO, Scott Dockter stated, “We are very pleased to have Jeff join the Board of Directors of Purebase. He has a wealth of knowledge and experience in public company corporate governance that will serve us well as we continue to grow the Company and start preparing our application process to uplist to a National Exchange”. Mr. Dockter further added, “We’d also like to thank Calvin Lim for his many years of service to our company as a board member, and we wish him all the best in all his future endeavors.”

Mr. Guzy currently serves as an Independent Member of the Board of Directors of several public companies, including Leatt Corporation, Capstone Companies, and Brownie’s Marine Group. Mr. Guzy has had key executive positions at several large international companies, including Loral Space, Sprint International, Verizon and IBM. He received an MBA from the Wharton School/University of Pennsylvania, an MS in Systems Engineering from the University of Pennsylvania, and a BS in Electrical Engineering from the Pennsylvania State University.

About Purebase Corporation

Purebase Corporation (OTCQB: PUBC) is a diversified resource company that acquires, develops and markets minerals for use in the agriculture, construction and other specialty industries.

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.

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Purebase Acquires Pozzolan Mineral Asset in San Bernardino, California

by | Apr 2, 2020 | news

Purebase Acquires Pozzolan Mineral Asset in San Bernardino, California

IONE, CA, April 2nd, 2020 (GLOBE NEWSWIRE) — Purebase Corporation (OTCQB: PUBC), a diversified resource company, headquartered in Ione, California, is pleased to announce that it has signed a definitive agreement to acquire the “Snow White Pozzolan Mine” (“Snow White”), located in Southern California in San Bernardino County.

Purebase’s Chairman and CEO, Scott Dockter stated, “The acquisition of Snow White will mark our strategic entry into the SCM (supplementary cementitious material) market-place. We have been working with the mineral composition of this mine for several years to create new materials that we know will be in high demand as the availability of fly ash (a byproduct of coal burning plants) as an SCM continues to diminish.” Mr. Dockter further added, “Our unique location in Southern California makes us uniquely positioned to serve West Coast markets in the U.S.”

The primary application of pozzolan is as a supplementary cementitious material in concrete for construction of bridges, highways, buildings, dams, and other construction projects. SCMs are used in concrete to reduce harmful emissions generated during the production of cement, and also provides additional strength and reduces the alkali-silica reaction (ASR) making it very valuable in any construction project.

Purebase Corporation is acquiring Snow White from a related party, and the purchase is subject to certain closing conditions.

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 resource company that acquires, develops and markets minerals for use in the agriculture, construction and other specialty industries.

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.

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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.

Purebase signs Investment Banking agreement with Newbridge Securities Corporation

by | Feb 4, 2019 | news

IONE, CA – (January 8th, 2019) – Purebase Corporation (OTCQB: PUBC), a natural mineral resource company, is pleased to announce that it has retained Newbridge Securities Corporation (“Newbridge”), a full-service securities brokerage and investment banking firm, to provide strategic corporate finance, advisory and investment banking services. Newbridge will focus on assisting Purebase with various initiatives, including charting a course to uplist onto a senior national securities exchange, advising on future capital raises for the funding of the Company’s aggressive 2019 growth strategy, and evaluating potential M&A and joint-venture transactions.

Purebase CEO, Scott Dockter said, “We are pleased to be working with Newbridge Securities Corporation as our Investment Banker. We are looking at a very exciting 2019 for the Company, and we wanted to work with a group that can help us be as efficient as possible while we undertake a variety of different initiatives in the capital markets.”

About Purebase Corporation

Purebase Corporation (OTCQB:PUBC) is a diversified mineral resource company that acquires, develops and markets natural mineral resources to provide soil amendment solutions to the agriculture industry, domestically and internationally. The Company has two properties, one in California and the other in Nevada, where it is developing deposits of potassium, sulfate, and pozzolan. The Company also acquires mineral resources from other third-parties which are used in its agricultural products. Purebase’s headquarters are located in Ione, California.

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.