Bunker Hill Mining Corp. issues shares to satisfy debenture interest payment obligations and financing fees

From GlobeNewswire: 2024-12-23 21:00:00

Bunker Hill Mining Corp. announces the issuance of 8,446,194 shares of common stock to satisfy debenture interest payment obligations and financing cooperation fees. The Interest Shares will be issued at a price of USD$0.07 per share based on trading prices on the TSX-V. The Company will issue 7,119,049 Interest Shares to Sprott, constituting a related party transaction. Additionally, 1,053,335 Common Shares will be issued to a Service Provider in satisfaction of cooperation fees. The issuance of shares is subject to regulatory approvals and will be subject to a hold period.

The Company plans to restart and develop the Bunker Hill Mine under Idaho-based leadership. The issuance of Common Shares is part of an agreement to provide collateral security for obtaining surety bonds. The Company will issue Settlement Shares to the Service Provider in lieu of cash payment for financing cooperation fees. The Company aims to preserve cash for mine development. The issuance of shares is subject to regulatory approvals and will be subject to a hold period.

The Company’s forward-looking statements include objectives to restart the Bunker Hill Mine and complete share transactions. Risks include the ability to raise additional capital, market conditions, and failure to obtain necessary approvals. Factors affecting actual results include political risks, changes in commodity prices, and delays in project development. The Company disclaims any intention to update forward-looking information. Additional risk factors are detailed in the Company’s annual report accessible through the SEDAR+ and EDGAR websites.



Read more at GlobeNewswire: Bunker Hill Announces Updates to Election to Issue Shares