Bunker Hill Mining (TSE:BNKR) has released an update.
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Bunker Hill Mining Corp. has chosen to pay the interest due on its convertible debentures by issuing over 5 million shares, with Sprott Private Resource Streaming and Royalty Corp. being a significant recipient. The transaction is a related party deal but is exempt from minority shareholder approval, with the shares priced at 90% of the recent average trading price. Regulatory approvals are pending, including the TSX Venture Exchange consent.
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