- Bunker Hill (BNKR) has announced a private placement of up to C$15M in special warrants
- The company intends to use the proceeds to fund the restart and development of its Bunker Hill Mine and to settle obligations due to the U.S. Environmental Protection Agency
- The company expects the offering to close on or about March 30, 2022
- Bunker Hill Mining is building a portfolio of North American precious metal assets with a focus on silver
- Bunker Hill (BNKR) is down by 20 per cent trading at $0.30 per share
Bunker Hill (BNKR) has announced a private placement of up to C$15M in special warrants.
The offering is available to accredited investors.
The special warrants entitle the holders to receive up to 50M units at a price of $0.30 per warrant.
Each special warrant is exercisable into one unit six months after closing upon approval of the final prospectus (Canada) and a registration statement from the U.S. SEC.
Each unit consists of one common share and one common share purchase warrant.
Each warrant entitles the holder to acquire one common share for $0.37 for 36 months following the closing date. The warrants are exercisable on a cashless basis if SEC approval is not received prior to the date of exercise.
If Bunker Hill has not received prospectus and registration statement approvals 60 days after the closing date, each unexercised warrant will entitle the holder to 1.1 units.
The company intends to use the proceeds to fund the restart and development of its Bunker Hill Mine, settle outstanding obligations due to the U.S. Environmental Protection Agency, and for general corporate purposes.
It expects the offering to close on or about March 30, 2022.
Echelon Wealth Partners is leading the syndicate of agents overseeing the offering.
Bunker Hill Mining is building a portfolio of North American precious metal assets with a focus on silver.
Bunker Hill (BNKR) is down by 20 per cent trading at $0.30 per share as of 12:12 pm EST.