Bunker Hill Mining Corp. (“
Bunker Hill” or the
“
Company”) (
TSX-V: BNKR; OTCQB:
BHILL) announces that it has elected to issue an aggregate
of 5,175,000 shares of common stock of the Company (the
“
Interest Shares”) to certain holders of 7.5%
convertible debentures (the “
Series 1 Convertible
Debentures”) and 10.5% convertible debentures (the
“
Series 2 Convertible Debentures” and, together
with the Series 1 Convertible Debentures, the “
Convertible
Debentures”) in full satisfaction of the interest payable
thereunder as of September 30, 2023 in the aggregate amount of
USD$517,500 (the “
Interest Payment”). The
Convertible Debentures mature on March 31, 2026.
In accordance with the terms of the Convertible
Debentures, the Company will issue the Interest Shares at a deemed
price of USD$0.10 per Interest Share based on 90% of the 10-day
volume weighted average trading price of the Company’s shares on
the TSX Venture Exchange (the “TSX-V”) between
September 11, 2023 to September 22, 2023. The issuance of the
Interest Shares remains subject to the final approval of the TSX-V
and a four-month and one-day hold period in accordance with
applicable Canadian securities laws.
Additional details regarding the Convertible
Debentures can be found in the Company’s news releases dated
December 20, 2021, January 31, 2022, June 20, 2022, and June 26,
2023, all of which are available under the Company’s profile on
SEDAR+ at www.sedarplus.ca.
ABOUT BUNKER HILL MINING
CORP.
Under new 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.
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
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 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 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; the
pricing of the Interest Shares; and the Company receiving final
TSX-V approval for the issuance of the Interest Shares.
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; the ability to predict
and counteract the effects of COVID-19 on the business of the
Company, including but not limited to the effects of COVID-19 on
the price of commodities; 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 information form or annual report and may be accessed
through the SEDAR+ website (www.sedarplus.ca) or through EDGAR on
the SEC website (www.sec.gov), respectively.
For additional information
contact:
Sam AshPresident and Chief Executive Officer+1
208 627-7586ir@bunkerhillmining.com
Bunker Hill Mining (TSXV:BNKR)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024
Bunker Hill Mining (TSXV:BNKR)
과거 데이터 주식 차트
부터 6월(6) 2023 으로 6월(6) 2024