Form 4: PureBase Corp Director John A. Bremer Reports Significant Share Acquisitions Through US Mine Corporation

Director John A. Bremer reports acquiring significant amounts of PureBase Corp common stock indirectly through US Mine Corporation, where he holds a 25% ownership.

Summary

• On February 26, 2024, John A. Bremer, a director and 10% owner of PureBase Corp, indirectly acquired 2,500,330 shares of common stock at $0.39 per share and 6,377,593 shares at $0.1 per share through US Mine Corporation.
• On June 4, 2024, Bremer indirectly acquired an additional 10,256,400 shares of common stock at $0.1 per share through US Mine Corporation.
• Following these transactions, Bremer's indirect holdings through US Mine Corporation amount to 10,914,555 shares.
• Bremer disclaims beneficial ownership of 75% of the shares held by US Mine Corporation.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it primarily reports transactions. The increased holdings could be seen as positive, but the disclaimer of beneficial ownership introduces some uncertainty.

Positives

• The director's increased stake in the company may signal confidence in PureBase Corp's future prospects.

Risks

• The director disclaims beneficial ownership of 75% of the shares held by US Mine Corporation, which could indicate a complex ownership structure.

Management Comments

• The Reporting Person disclaims beneficial ownership as to 75% of such shares.

Industry Context

This filing is a routine disclosure related to insider trading activities and provides transparency to the market regarding the ownership changes of key company personnel.

Stakeholder Impact

• Shareholders may view the director's increased stake as a positive signal, but should also consider the disclaimer of beneficial ownership.

Key Dates