Bunker Hill Mining Announces Amendment of Warrant Terms

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[{"type":"text","content":" TORONTO, March 15, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR; OTCQB: BHLL) announces that it is proposing to amend the exercise price of 10,416,667 common stock purchase warrants of the Company (the “Warrants”) and the expiry date of the Warrants to March 31, 2023, subject to compliance with the policies of the Canadian Securities Exchange (the “CSE”). The Warrants comprise units of the Company issued to Teck Resources Limited (“Teck”) on a private placement basis on May 13, 2022, in consideration for the Company’s acquisition of the Pend Oreille process plant. Each Warrant entitles the holder thereof to purchase one share of common stock of the Company (each, a “Warrant Share”) at an exercise price of C$0.37 per Warrant Share at any time on or prior to May 12, 2025. The Company intends to amend the exercise price of the Warrants from C$0.37 to C$0.11 per Warrant Share (the “Amended Exercise Price”) and amend the expiry date from May 12, 2025 to March 31, 2023, in accordance with policies of the CSE, and does not intend to amend any other material terms of the Warrants (the “Amended Warrants”). ABOUT BUNKER HILL MINING CORP. Under new Idaho-based leadership, Bunker Hill Mining Corp. intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating a portfolio of North American mining assets with a focus on silver. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR and EDGAR databases. Cautionary Statements Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition o...

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