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Bunker Hill Mining Issues Shares to Settle Interest Payments

Story Highlights
  • Bunker Hill Mining will issue shares to cover interest payments on debentures.
  • The share issuance involves a related party transaction with Sprott and requires regulatory approval.
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Bunker Hill Mining Issues Shares to Settle Interest Payments

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An announcement from Bunker Hill Mining ( (TSE:BNKR) ) is now available.

Bunker Hill Mining Corp. has announced its decision to issue 2,236,111 shares of common stock to satisfy interest payment obligations totaling US$268,333.34 under outstanding convertible debentures. This move, involving a related party transaction with Sprott Private Resource Streaming and Royalty Corp., is subject to regulatory approvals and reflects the company’s strategic financial management, potentially impacting its market capitalization and shareholder dynamics.

More about Bunker Hill Mining

Bunker Hill Mining Corp., based in Idaho, is focused on sustainably restarting and developing the Bunker Hill Mine as part of a strategy to consolidate and optimize a portfolio of high-value mining operations, initially centered in North America.

Average Trading Volume: 324,638

Technical Sentiment Signal: Buy

Current Market Cap: C$190M

For detailed information about BNKR stock, go to TipRanks’ Stock Analysis page.

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