Bunker Hill Mining Corp issued shares to holders of convertible debentures, plus financing cooperation fees

From GlobeNewswire: 2024-12-20 19:15:00

Bunker Hill Mining Corp. announced the issuance of 7,392,859 shares of common stock to holders of convertible debentures in full satisfaction of an interest payment of USD$517,500. The Convertible Debentures mature in 2028 and 2029. The shares were issued at a price of USD$0.07 per share based on the average trading price on the TSX-V. The issuance is subject to regulatory approvals and will be subject to a hold period of four months and one day. The Company also agreed to pay a financing cooperation fee of US$20,000 per month to a Service Provider in Common Shares or cash.

In lieu of cash, Bunker Hill Mining Corp. issued 509,480 Common Shares to the Service Provider to settle a US$60,000 financing cooperation fee. The Company also intends to issue 543,855 Common Shares for a previous fee. The Settlement Shares will be subject to a hold period of four months and one day. The Company’s objective is to restart and develop the Bunker Hill Mine under Idaho-based leadership. Details of the Company’s operations can be found on its website and in regulatory filings.



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