Bunker Hill Announces Agreement to Issue Shares for DSU Settlement
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) has agreed to settle 1,051,787 vested deferred share units (DSUs) with a former director by issuing 1,039,403 common shares at C$0.16 per share. This settlement, valued at C$166,304.41, aims to preserve cash for the potential restart and development of the Bunker Hill Mine. The transaction requires regulatory approvals, including TSX-V approval. The issued shares will be subject to a four-month and one-day hold period under Canadian securities laws and applicable U.S. hold periods. These shares have not been registered under the U.S. Securities Act and cannot be offered or sold in the United States without registration or exemption compliance.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) ha concordato di liquidare 1.051.787 unità di azioni differite già maturate (DSU) con un ex direttore emettendo 1.039.403 azioni ordinarie a C$0,16 per azione. Questo accordo, del valore di C$166.304,41, ha come obiettivo quello di preservare liquidità per il potenziale avvio e sviluppo della Bunker Hill Mine. La transazione richiede approvazioni normative, inclusa l'approvazione di TSX-V. Le azioni emesse saranno soggette a un periodo di blocco di quattro mesi e un giorno ai sensi delle leggi canadesi sui valori mobiliari e ai relativi periodi di blocco applicabili negli Stati Uniti. Queste azioni non sono state registrate ai sensi del Securities Act degli Stati Uniti e non possono essere offerte o vendute negli Stati Uniti senza registrazione o conformità a un'esenzione.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) ha acordado liquidar 1.051.787 unidades de acciones diferidas (DSUs) con un exdirector mediante la emisión de 1.039.403 acciones comunes a C$0,16 por acción. Este acuerdo, valorado en C$166.304,41, tiene como objetivo preservar la liquidez para el posible reinicio y desarrollo de la Bunker Hill Mine. La transacción requiere aprobaciones regulatorias, incluida la aprobación de TSX-V. Las acciones emitidas estarán sujetas a un período de retención de cuatro meses y un día según las leyes de valores canadienses y a los períodos de retención aplicables en EE. UU. Estas acciones no han sido registradas bajo la Ley de Valores de EE. UU. y no pueden ser ofrecidas o vendidas en Estados Unidos sin cumplir con la registración o una exención.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL)는 전 이사와 함께 1,051,787개의 기부된 지분 단위(DSU)를 정산하기로 합의하고, 이는 C$0.16에 해당하는 1,039,403개의 보통주를 발행하는 방식으로 이루어집니다. 이 정산의 가치는 C$166,304.41로, Bunker Hill Mine의 잠재적인 재개 및 개발을 위한 현금을 보존하는 것을 목표로 합니다. 이 거래는 TSX-V 승인을 포함한 규제 승인이 필요합니다. 발행된 주식은 캐나다 증권법 및 관련 미국 보유 기간에 따라 4개월 1일의 보유 기간을 적용받습니다. 이 주식은 미국 증권법에 따라 등록되지 않았으며, 등록이나 면제 준수 없이 미국에서 제공되거나 판매될 수 없습니다.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) a accepté de régler 1 051 787 unités d'actions différées (DSU) avec un ancien directeur en émettant 1 039 403 actions ordinaires au prix de 0,16 C$ par action. Ce règlement, d'une valeur de 166 304,41 C$, vise à préserver des liquidités pour un potentiel redémarrage et développement de la Bunker Hill Mine. La transaction nécessite des approbations réglementaires, y compris l'approbation de la TSX-V. Les actions émises seront soumises à une période de blocage de quatre mois et un jour conformément aux lois canadiennes sur les valeurs mobilières et aux périodes de blocage applicables aux États-Unis. Ces actions n'ont pas été enregistrées en vertu de la loi américaine sur les valeurs mobilières et ne peuvent être offertes ou vendues aux États-Unis sans enregistrement ou conformité avec une exemption.
Bunker Hill Mining Corp. (TSX-V: BNKR; OTCQB: BHLL) hat sich verständigt, 1.051.787 ausgeübte verzögerte Aktieneinheiten (DSUs) mit einem ehemaligen Direktor durch die Ausgabe von 1.039.403 Stammaktien zu einem Preis von C$0,16 pro Aktie zu begleichen. Diese Einigung, die mit C$166.304,41 bewertet wird, zielt darauf ab, Bargeld für den potenziellen Neustart und die Entwicklung der Bunker Hill Mine zu sichern. Die Transaktion erfordert behördliche Genehmigungen, einschließlich der Genehmigung von TSX-V. Die ausgegebenen Aktien unterliegen einer Haltefrist von vier Monaten und einem Tag gemäß den kanadischen Wertpapiergesetzen und den geltenden US-Haltefristen. Diese Aktien wurden nicht unter dem US Securities Act registriert und dürfen in den Vereinigten Staaten ohne Registrierung oder Einhaltung einer Ausnahme nicht angeboten oder verkauft werden.
- Preserves cash for potential mine restart and development
- Settles outstanding obligations to former director
- Potential dilution of existing shareholders
- Increase in outstanding shares
VANCOUVER, British Columbia, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR; OTCQB: BHLL) announces that it has entered into an agreement with a former director of the Company (the “Recipient”) with respect to the settlement of an aggregate of 1,051,787 vested deferred share units of the Company (the “DSUs”) previously granted to the Recipient for services rendered as a director of the Company for the 2022 and 2023 fiscal years (the “Settlement Agreement”).
Pursuant to the terms of the Settlement Agreement, the Company has agreed to issue 1,039,403 shares of common stock of the Company (the “DSU Shares”) to the Recipient at a deemed issue price of C
The transaction remains subject to the receipt of all regulatory approvals, including, without limitation, the approval of the TSX-V. Once issued, the DSU Shares will be subject to a four month and one day hold period from the date of issuance in accordance with applicable Canadian securities laws in addition to any applicable U.S. hold periods. The DSU Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or in compliance with the requirements of an applicable exemption therefrom.
ABOUT BUNKER HILL MINING CORP.
Under Idaho-based leadership, Bunker Hill intends to sustainably restart and develop the Bunker Hill Mine as the first step in consolidating and optimizing several mining assets into a high-value portfolio of operations initially centered in North America. Information about the Company is available on its website, www.bunkerhillmining.com, or within the SEDAR+ and EDGAR databases.
On behalf of Bunker Hill Mining Corp.
Sam Ash
President and Chief Executive Officer
For additional information, please contact:
Brenda Dayton
Vice President, Investor Relations
T: 604.417.7952
E: brenda.dayton@bunkerhillmining.com
Cautionary Statements
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this news release.
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 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 or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “plan” or variations of such words and phrases.
Forward-looking statements in this news release include, but are not limited to, statements regarding: the Company’s objectives, goals or future plans, including the restart and development of the Bunker Hill Mine; the achievement of future short-term, medium-term and long-term operational strategies; and the completion of the DSU settlement transaction, including the number and deemed pricing of the DSU Shares; and the Company receiving TSX-V approval in connection therewith. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: Bunker Hill’s ability to complete the DSU settlement transaction on the terms described herein or at all; Bunker Hill’s ability to receive sufficient project financing for the restart and development of the Bunker Hill Mine on acceptable terms or at all; the future price of metals; and the stability of the financial and capital markets. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, those risks and uncertainties identified in public filings made by Bunker Hill with the U.S. Securities and Exchange Commission (the “SEC”) and with applicable Canadian securities regulatory authorities and the following: Bunker Hill’s ability to operate as a going concern and its history of losses; Bunker Hill’s ability to receive sufficient project financing for the restart and development of the Bunker Hill Mine on acceptable terms or at all; estimates of mineral resources and reserves; mineral exploration and production activities; feasibility study results; changes in demand for and price of commodities and currencies; and risks relating to Bunker Hill’s shares of common stock, including price volatility, lack of dividend payments and dilution or the perception of the likelihood of any of the foregoing. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable and are based on the current expectations of Bunker Hill’s management, undue reliance should not be placed on such forward-looking statements or information, which are inherently subject to uncertainties and changes in circumstances and their potential effects. Such forward-looking statements only apply as of the date of this news release and no assurance can be given that such events will occur in the disclosed time frames or at all, including as to whether or when the Company will achieve its project finance initiatives, or as to the actual size or terms of those financing initiatives. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Readers are cautioned that the foregoing risks and uncertainties are not exhaustive. Additional information on these and other risk factors that could affect the Company’s operations or financial results are included in the Company’s annual report and may be accessed through the SEDAR+ website (www.sedarplus.ca) or through EDGAR on the SEC website (www.sec.gov).
FAQ
What is the purpose of Bunker Hill Mining Corp. (BHLL) issuing shares for DSU settlement?
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