Bunker Hill Mining Corp. announced on December 23, 2024, an update to its previous news release regarding the election to issue shares for debenture interest payment obligations and financing cooperation fees. The company will now issue an aggregate of up to 8,446,194 common shares to satisfy these obligations.
This updated issuance includes 1,053,335 shares for Series 1 debenture interest totaling US$105,333.33, and 3,483,333 shares for Series 2 debenture interest totaling US$348,333.33. Additionally, 3,909,526 shares will be issued for financing cooperation fees amounting to US$273,666.67.
The shares are being issued at a price of USD$0.07 per share, based on 90% of the 10-day volume-weighted average trading price ending December 20, 2024. This strategy aims to preserve the company's cash for the ongoing restart and development of the Bunker Hill Mine.
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