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Bunker Hill Mining ( (TSE:BNKR) ) has issued an update.
Bunker Hill Mining Corp. has chosen to satisfy US$268,333.33 in interest obligations on its 5.0% Series 1 and Series 2 secured convertible debentures by issuing 1,578,430 common shares at US$0.17 per share, a move that preserves cash while modestly diluting existing shareholders. Most of these interest shares will go to accounts managed by Sprott Private Resource Streaming and Royalty Corp., making the transaction a related-party deal under Canadian securities rules, though the company is using standard exemptions as the value is below 25% of its market capitalization. Separately, Bunker Hill will issue 328,831 shares for consulting services to Henderson House Holdings, LLC, which is supporting the company’s government relations and financing efforts in Washington, D.C., under a fee and bonus structure linked to future fundraising milestones. All share issuances remain subject to regulatory approval, including from the TSX Venture Exchange, and will carry statutory hold periods under Canadian securities law, underscoring the company’s continued reliance on equity-based payments to manage liquidity and advance its financing and strategic initiatives.
More about Bunker Hill Mining
Bunker Hill Mining Corp. is a North American mining company listed on the TSX Venture Exchange and OTCQB, focused on advancing and financing its Bunker Hill project in Idaho, with a capital structure that includes secured convertible debentures and an active presence in specialized resource financing markets.
Average Trading Volume: 476,810
Technical Sentiment Signal: Buy
Current Market Cap: C$341.6M
For a thorough assessment of BNKR stock, go to TipRanks’ Stock Analysis page.