Bunker Hill Announces Election to Issue Shares in Satisfaction of Interest Payment Obligations
Bunker Hill Mining (OTCQB:BHLL) has announced its decision to issue 2,236,111 shares of common stock to satisfy interest payments totaling US$268,333.34 due on September 30, 2025, under its outstanding convertible debentures.
The interest shares will be issued at USD$0.12 per share, with 638,889 shares allocated to Series 1 debenture holders (US$76,666.67) and 1,597,222 shares to Series 2 debenture holders (US$191,666.67). Notably, 2,129,630 shares will be issued to Sprott Private Resource Streaming and Royalty Corp., constituting a related party transaction.
The Series 1 and Series 2 Debentures mature on March 31, 2028, and March 31, 2029, respectively. The issuance is subject to regulatory approvals and includes a four-month hold period under Canadian securities laws.
Bunker Hill Mining (OTCQB:BHLL) ha annunciato la decisione di emettere 2.236.111 azioni ordinarie per soddisfare gli interessi pari a US$ 268.333,34 dovuti entro il 30 settembre 2025 sui suoi warrant obbligazionari convertibili in circolazione.
Le azioni degli interessi saranno emesse al prezzo di USD 0,12 per azione, con 638.889 azioni assegnate ai detentori dei debentures della Serie 1 (US$ 76.666,67) e 1.597.222 azioni ai detentori della Serie 2 (US$ 191.666,67). Da notare che 2.129.630 azioni saranno emesse a Sprott Private Resource Streaming and Royalty Corp., configurando una transazione con parti correlate.
I debentures della Serie 1 e della Serie 2 maturano rispettivamente il 31 marzo 2028 e il 31 marzo 2029. L’emissione è soggetta ad approvazioni normative e comprende un periodo di trattenuta di quattro mesi ai sensi delle leggi sui titoli canadesi.
Bunker Hill Mining (OTCQB:BHLL) ha anunciado su decisión de emitir 2.236.111 acciones comunes para satisfacer intereses por un total de US$268.333,34 que vencen el 30 de septiembre de 2025, bajo sus debentures convertibles vigentes.
Las acciones de interés se emitirán a USD$0,12 por acción, asignándose 638.889 acciones a los tenedores de la Serie 1 (US$76.666,67) y 1.597.222 acciones a los tenedores de la Serie 2 (US$191.666,67). Cabe destacar que 2.129.630 acciones se emitirán a Sprott Private Resource Streaming and Royalty Corp., constituyendo una operación con partes relacionadas.
Los debentures de la Serie 1 y la Serie 2 vencen, respectivamente, el 31 de marzo de 2028 y el 31 de marzo de 2029. La emisión está sujeta a aprobaciones regulatorias e incluye un período de bloqueo de cuatro meses bajo las leyes de valores canadienses.
Bunker Hill Mining (OTCQB:BHLL)이 2,236,111주의 보통주를 발행하기로 결정했으며, 만기일인 2025년 9월 30일에 지불해야 하는 이자 US$268,333.34를 충당하기 위함입니다. 이는 미결제 전환사채에 따른 이자입니다.
이자 주식은 주당 USD 0.12의 가격으로 발행되며, 638,889주가 시리즈 1 전환사채 보유자에게, 1,597,222주가 시리즈 2 전환사채 보유자에게 배정됩니다(각각 US$76,666.67, US$191,666.67). 또한 2,129,630주가 Sprott Private Resource Streaming and Royalty Corp.에 발행되어 관련 당사자 거래로 구성됩니다.
시리즈 1 및 시리즈 2 전환사채의 만기는 각각 2028년 3월 31일과 2029년 3월 31일입니다. 이번 발행은 규제 승인의 대상이며, 캐나다 증권법에 따른 4개월의 보유 기간이 포함됩니다.
Bunker Hill Mining (OTCQB:BHLL) a annoncé sa décision d’émettre 2 236 111 actions ordinaires pour satisfaire des intérêts s’élevant à US$ 268 333,34 dus au 30 septembre 2025, en vertu de ses obligations convertibles en circulation.
Les actions d’intérêts seront émises à USD 0,12 par action, avec 638 889 actions attribuées aux porteurs de l’obligation Série 1 (US$ 76 666,67) et 1 597 222 actions aux porteurs de l’obligation Série 2 (US$ 191 666,67). À noter que 2 129 630 actions seront émises à Sprott Private Resource Streaming and Royalty Corp., ce qui constitue une opération avec des parties liées.
Les obligations des Séries 1 et 2 arrivent à échéance le 31 mars 2028 et le 31 mars 2029 respectivement. L’émission est soumise à des approbations réglementaires et comprend une période de blocage de quatre mois en vertu des lois canadiennes sur les valeurs mobilières.
Bunker Hill Mining (OTCQB:BHLL) hat beschlossen, 2.236.111 Stück Stammaktien auszugeben, um Zinszahlungen in Höhe von US$ 268.333,34 zu bedienen, die am 30. September 2025 fällig sind, gemäß der ausstehenden wandelbaren Anleihen.
Die Zinsaktien werden zu USD 0,12 pro Aktie ausgegeben, wobei 638.889 Aktien an die Inhaber der Serie-1-Debenture (US$ 76.666,67) und 1.597.222 Aktien an die Inhaber der Serie-2-Debenture (US$ 191.666,67) zugeteilt werden. Bemerkenswert ist, dass 2.129.630 Aktien an Sprott Private Resource Streaming and Royalty Corp. ausgegeben werden, was eine Transaktion mit verbundenen Parteien darstellt.
Die Debentures der Serie 1 und Serie 2 laufen am 31. März 2028 bzw. am 31. März 2029 fällig. Die Ausgabe unterliegt behördlichen Genehmigungen und beinhaltet eine viermonatige Haltefrist gemäß kanadischen Wertpapiergesetzen.
Bunker Hill Mining (OTCQB:BHLL) أعلن قراره إصدار 2,236,111 سهماً عادياً لتلبية دفعات فائدة إجمالية قدرها US$ 268,333.34 مستحقة في 30 سبتمبر 2025، بموجب سندات قابلة للتحويل قائمة.
سيتم إصدار أسهم الفائدة بسعر USD 0.12 للسهم، مع تخصيص 638,889 سهماً لحاملي سندات الإصدار 1 (US$ 76,666.67) و1,597,222 سهماً لحاملي سندات الإصدار 2 (US$ 191,666.67). من الجدير بالذكر أن 2,129,630 سهماً ستصدر إلى Sprott Private Resource Streaming and Royalty Corp.، وهو ما يشكل صفقة مع طرف ذي صلة.
تنضج سندات الإصدار 1 والإصدار 2 في 31 مارس 2028 و31 مارس 2029 على التوالي. الإصدار خاضع لموافقات تنظيمية ويتضمن فترة حظر مدتها أربعة أشهر بموجب قوانين الأوراق المالية الكندية.
Bunker Hill Mining (OTCQB:BHLL) 已宣布决定发行2,236,111股普通股，以清偿到期日为2025年9月30日的总利息< b>US$268,333.34，这是基于尚存的可转换债券。
利息股票将按每股USD 0.12发行，其中638,889股分配给系列1债券持有人（US$76,666.67），1,597,222股分配给系列2债券持有人（US$191,666.67）。值得注意的是，2,129,630股将发给Sprott Private Resource Streaming and Royalty Corp.，构成关联方交易。
系列1与系列2债券分别在2028年3月31日与2029年3月31日到期。此次发行需监管批准，并按照加拿大证券法规定包含为期四个月的锁定期。
- Company preserves cash by satisfying interest payments through share issuance
- Long-term debt maturity dates extend to 2028 and 2029, providing operational flexibility
- Dilution of existing shareholders through issuance of 2,236,111 new shares
- Related party transaction with Sprott receiving 95% of the interest shares may raise governance concerns
KELLOGG, Idaho and VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSXV:BNKR | OTCQB:BHLL) announces that it has elected to issue an aggregate of 2,236,111 shares of common stock of the Company (the “Interest Shares”) in full satisfaction of the interest payable in the aggregate amount of US
In accordance with the terms of the Debentures, the Company will issue the Interest Shares at a price of USD
In connection with the Interest Payments, the Company will issue an aggregate of 2,129,630 Interest Shares to certain managed accounts of Sprott Private Resource Streaming and Royalty Corp. (“Sprott”) and, accordingly, the issuance of such Interest Shares to Sprott will constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Shareholder Approval (“MI 61-101”). The Company intends on relying on exemptions from the formal valuation and minority shareholder approval requirements under MI 61-101 as neither the fair market value of the Interest Shares to be issued to Sprott, nor the consideration received for such Interest Shares, will exceed
The issuance of the Interest Shares is subject to the terms and conditions of the Debentures as well as the receipt of all regulatory approvals, including, without limitation, the approval of the TSX-V. Once issued, the Interest Shares will be subject to a four month and one-day hold period in accordance with applicable Canadian securities laws. The Interest 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 then optimizing a number of mining assets into a high-value portfolio of operations, centered initially 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
Sam Ash
President, Chief Executive Officer and Director
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 terms and completion of the Interest Payments described herein, including the number and deemed pricing of the Interest Shares issuable in connection therewith, and the Company receiving all regulatory and stock exchange approvals for the Interest Payments. Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: Bunker Hill’s ability to complete the Interest Payments on the terms described herein or at all; Bunker Hill’s ability to receive sufficient project financing for the restart and ongoing development of the Bunker Hill Mine on acceptable terms or at all; Bunker Hill’s ability to operate as a going concern and its history of losses; 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: the Company’s inability to raise additional capital for project activities, including through equity financings, concentrate offtake financings or otherwise; capital market conditions; restrictions on labor and its effects on international travel and supply chains; failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the Company’s ability to restart and develop the Bunker Hill Mine and the risks of not basing a production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in increased uncertainty due to multiple technical and economic risks of failure which are associated with this production decision including, among others, areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, with no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved; failure to commence production would have a material adverse impact on the Company's ability to generate revenue and cash flow to fund operations; failure to achieve the anticipated production costs would have a material adverse impact on the Company's cash flow and future profitability; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; and capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such statements or information, which only applies 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 total value of interest payments BHLL is satisfying through share issuance?
How many shares will BHLL issue for the September 2025 interest payment?
When do Bunker Hill Mining's Series 1 and Series 2 Debentures mature?
How many interest shares will Sprott receive from BHLL?
What is the hold period for the newly issued BHLL interest shares?
