Bunker Hill Mining Secures Equity Investments of C$14.9 Million Including Closing of Private Placements for Gross Proceeds of C$11.8 Million and Pending C$3.1 Million Issuance to Teck

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[{"type":"text","content":" TORONTO, April 01, 2022 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (the “Company”) (CSE: BNKR; OTCQB: BHLL) is pleased to announce that the Company has closed the private placement of 37,849,325 special warrants (the “Special Warrants”), previously announced on March 9, 2022, and concurrent non-brokered private placement of 1,471,644 units of the Company (the “Non-Brokered Units”) for aggregate gross proceeds of approximately $11,796,297 (the “Offering”). The Special Warrant private placement and concurrent non-brokered private placement are unrelated to the separately announced issuance of 10,416,667 Units to a subsidiary of Teck Resources Limited (“Teck”), priced at C$0.30, as announced in the Company’s news release of March 31, 2022 (the “Teck Issuance”). On a combined basis, including the Offering and assuming the closing of the Teck Issuance, the Company expects to issue a total value of C$14,921,297 in securities of the Company. Pursuant to the Offering, the Company issued 37,849,325 Special Warrants at a price of $0.30 per Special Warrant. Each Special Warrant shall be automatically exercisable (without payment of any further consideration and subject to customary anti-dilution adjustments) into one unit of the Company (a “Brokered Unit”) on the date that is the earlier of: (i) the date that is three (3) business days following the date on which the Company has obtained both (A) a receipt from the Canadian security commission in each of the each of the provinces of Canada which the purchasers and Agents (as defined herein) are residents where the Special Warrants are sold (the “Qualifying Jurisdictions”) for a (final) short-form prospectus qualifying the distribution of the common stock of the Company (“Common Shares”) and common stock purchase warrants of the Company (the “Warrants”) issuable upon exercise of the Special Warrants (the “Qualification Prospectus”); and (B) notification that the registration statement, under U.S. securities laws, of the Company filed with the United States Securities and Exchange Commission (the “SEC”) has been declared effective by the SEC (the “Registration Statement”); and (ii) the date that is six months following April 1, 2022 (the “Closing ‎Date”). Each Brokered Unit consists of one Common Share and one Warrant. Each whole Warrant will entitle the holder to acquire o...

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