Bunker Hill Mining Moves Forward with DSU Shares Settlement

Bunker Hill Mining Corp. Announces Share Settlement Agreement

On a recent date, Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) reported an important step forward in optimizing its financial strategy. The company has established an agreement with a former director regarding the settlement of 1,051,787 vested deferred share units (DSUs). This significant move reflects Bunker Hill's commitment to managing its resources effectively for future growth.

Details of the Settlement Agreement

This agreement involves the issuance of 1,039,403 shares of common stock to the aforementioned recipient at a deemed price of C$0.16 each. This pricing aligns with the recent closing stock prices on the TSX Venture Exchange, illustrating a well-considered path to satisfy the cash payment obligations estimated at C$166,304.41. The decision to issue these shares instead of cash is a strategic effort to preserve funding for the anticipated restart and development of the Bunker Hill Mine.

Implications of the Share Issuance

By opting to settle the DSUs through share issuance, Bunker Hill is positioning itself for long-term sustainability. The capital saved can be redirected towards essential operations and potential expansions. This approach also indicates the Company's focus on reducing immediate cash outflows while still fulfilling its commitments to stakeholders.

Regulatory Approvals and Market Considerations

The transaction outlined in the settlement agreement is contingent upon the approval from relevant regulatory bodies, especially from the TSX-V. This measure ensures that all aspects of the transaction comply with applicable securities regulations, safeguarding both the company and its investors.

Future Growth and Mine Development

Bunker Hill Mining Corp. is committed to responsibly revitalizing the Bunker Hill Mine. Under the guidance of a focused management team, the company aims to integrate various mining assets to form a robust portfolio concentrated initially in North America. This vision reflects the firm’s dedication to sustainable practices in mining while maximizing the value of its projects.

Contact Information and Company Background

Sam Ash, President and Chief Executive Officer of Bunker Hill, leads these efforts with a clear commitment to enhancing shareholder value and operational effectiveness. Additional insights into the company's progress and initiatives can be found on their corporate website or through direct communication with the Investor Relations team.

Investor Relations Contact

For further inquiries, please reach out to Brenda Dayton, Vice President of Investor Relations, at 604.417.7952 or via email.

Frequently Asked Questions

What is the purpose of the DSU settlement agreement?

The purpose of the DSU settlement agreement is to fulfill obligations owed to a former director by issuing shares instead of cash, which helps to preserve the company’s working capital.

How many shares will be issued for the DSU settlement?

Bunker Hill Mining Corp. will issue a total of 1,039,403 shares as part of the DSU settlement agreement.

What is the deemed issue price of the shares?

The shares will be issued at a deemed price of C$0.16 per share, aligning with recent market pricing.

What approvals are required for the share issuance?

The share issuance is subject to obtaining all necessary regulatory approvals, primarily from the TSX Venture Exchange.

What are Bunker Hill's future plans?

Bunker Hill aims to restart and develop the Bunker Hill Mine while consolidating its mining assets into a high-value operational portfolio in North America.

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