PureBase Corporation announced that it has entered into line of credit agreement with new investor US Mine Corporation to issue non convertible debt for the gross proceeds of $1,000,000 on July 10, 2023. The issuance of any Conversion Shares upon the conversion of any amounts due under the Grid Note will be exempt from registration under Section 4(a)(2) and/or Rule 506(b) of Regulation D as promulgated by the Securities and Exchange Commission under the Securities Act of 1933, as amended, as transactions by an issuer not involving any public offering.