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Bunker Hill Mining ( (TSE:BNKR) ) has provided an update.
Bunker Hill Mining Corp. has announced its decision to issue over 15 million shares to satisfy interest payment obligations under certain debt instruments. This move, involving the issuance of shares to holders of convertible debentures and a loan facility, is part of the company’s financial strategy to manage its obligations without cash outflow. The issuance is subject to regulatory approvals and involves a related party transaction with Sprott Private Resource Streaming and Royalty Corp., highlighting the company’s ongoing financial maneuvers to stabilize and optimize its operations.
More about Bunker Hill Mining
Bunker Hill Mining Corp., based in Idaho, is focused on sustainably restarting and developing the Bunker Hill Mine. The company aims to consolidate and optimize various mining assets into a high-value portfolio of operations, primarily in North America.
Average Trading Volume: 315,867
Technical Sentiment Signal: Sell
Current Market Cap: C$137.1M
Learn more about BNKR stock on TipRanks’ Stock Analysis page.