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Bunker Hill Mining Announces Private Placement of Up to C$9 Million of Special Warrants and Termination of Marketed Public Offering
TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR; OTCQB: BHLL) is pleased to announce that it has entered into an
About this update from Bunker Hill Mining Corp
[{"type":"text","content":" TORONTO, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR; OTCQB: BHLL) is pleased to announce that it has entered into an agreement with Echelon Wealth Partners Inc., as co-lead agent and co-bookrunner, on behalf of Roth Capital Partners, LLC, as co-lead agent and co-bookrunner, and Laurentian Bank Securities Inc. (collectively, the “Agents”), which have agreed to act as agents for and on behalf of the Company, on a commercially reasonable “best efforts” agency basis, without underwriter liability, in connection with a proposed private placement (the “Private Placement”) of up to C$9 million of special warrants of the Company (the “Special Warrants”), subject to adjustments in certain events. PRIVATE PLACEMENT In connection with the Private Placement, Each Special Warrant shall be exercisable, for no additional consideration and with no further action on the part of the holder thereof, into one unit (each, a “Unit”) of the Company, subject to adjustment described below, on the earlier of: (i) the third business day after the date upon which the registration statement (the “Registration Statement”) of the Company filed with the United States Securities and Exchange Commission (the \"SEC\") registering the resale of the Units issuable upon exercise of the Special Warrants has been declared effective by the SEC; and (ii) the date that is six months following the Closing Date (as defined below), subject to compliance with United States securities laws. Each Unit shall consist of one common share (a “Common Share”) and one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company. Each Warrant shall entitle the holder to purchase one common share of the Company (a “Warrant Share”) at a price of C$0.15 per Warrant Share, subject to adjustment in certain events, for a period of 36 months following the Closing Date. The Warrants shall also be exercisable on a cashless basis in the event the Registration Statement has not been made effective by the SEC prior to the date of exercise. The issue price per Special Warrant (the “Issue Price”) will be priced in the context of the market, with the final terms of the Private Placement to be determined at the time of pricing. There can be no assurance as to whether or when the Private Placement may be complet...