Bunker Hill Mining Sets Stage for New Equity Issuance
Bunker Hill Mining’s Strategic Share Issuance
KELLOGG, Idaho and VANCOUVER, British Columbia – Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSXV:BNKR | OTCQB:BHLL) has made an important announcement regarding its plan to issue a total of 2,236,111 shares of common stock. This decision aims to fulfill its interest payment obligations amounting to approximately US$268,333.34.
A Closer Look at the Interest Payments
The interest obligations stem from certain convertible debentures, which include two different series. Specifically, the Company will distribute 638,889 shares to holders of the 5.0% Series 1 secured convertible debentures and 1,597,222 shares to holders of the 5.0% Series 2 debentures. The Series 1 debentures are set to mature on March 31, 2028, while the Series 2 debentures mature a year later, on March 31, 2029.
Pricing Details for the Issuance
According to the terms of the convertible debentures, the Company will issue these interest shares at a price of USD$0.12 each. This pricing is based on 90% of the 10-day volume weighted average trading price from September 15 to September 26, 2025. This careful strategy allows Bunker Hill to manage its financial commitments effectively while maintaining its operational focus.
Related Party Transactions and Approvals
As part of the issuance, a significant portion will be allocated to managed accounts of Sprott Private Resource Streaming and Royalty Corp. This transaction is classified as a “related party transaction” and the Company plans to rely on exemptions from the formal valuation and minority shareholder approval requirements. Notably, the fair market value involved does not exceed 25% of the Company’s total market capitalization.
Regulatory Considerations
The issuance of shares will be subject to various regulatory approvals, including from the TSX Venture Exchange. It’s important to note that once the shares are issued, they will be subject to a hold period of four months and one day in compliance with Canadian securities laws. Additionally, the shares will not be registered under the United States Securities Act and cannot be offered or sold in the United States without proper registration or exemptions.
Understanding Bunker Hill Mining’s Vision
Bunker Hill Mining Corp. is led by a dedicated team based in Idaho, aiming to sustainably restart and develop the Bunker Hill Mine. This initiative is viewed as the first step towards consolidating and optimizing various mining assets into a high-value, operational portfolio primarily centered in North America. The vision emphasizes sustainable mining practices while delivering value to shareholders.
Contact Information
For more information about Bunker Hill Mining, interested parties can reach out to:
Brenda Dayton, Vice President, Investor Relations
T: 604.417.7952
E: brenda.dayton@bunkerhillmining.com
Frequently Asked Questions
What is the reason behind Bunker Hill Mining’s share issuance?
The company aims to satisfy its interest payment obligations under its convertible debentures through the issuance of common stock.
How many shares will Bunker Hill issue?
Bunker Hill will issue a total of 2,236,111 shares to meet its financial commitments.
What is the pricing structure for the shares?
The shares will be priced at USD$0.12 each, based on a specific volume-weighted average calculation.
Who will receive the majority of the shares?
A significant amount of the shares will be allocated to managed accounts of Sprott Private Resource Streaming and Royalty Corp.
Are the shares registered under U.S. securities law?
No, the shares will not be registered under the United States Securities Act and cannot be offered or sold in the U.S. without compliance with applicable regulations.
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