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Bunker Hill Updates Previously Announced C$45 Million “Bought Deal” Private Placement of Units to Provide for Canadian Dollar And U.S. Dollar Denominated Tranches
Globenewswire·2025-09-15 10:45

Core Points - Bunker Hill Mining Corp. has revised the terms of its private placement financing, consisting of two tranches: a CAD Offering of 150,000,000 units at C$0.12 for gross proceeds of C$18,000,000 and a USD Offering of 225,000,000 units at US$0.08711 for gross proceeds of US$19,599,750 [1][7] - The Offering is expected to close on September 29, 2025, pending necessary approvals, including conditional listing approval from the TSX Venture Exchange [3][10] - A cornerstone investor is anticipated to subscribe for the entirety of the USD Offering [2] Offering Details - The cash commission for the underwriters is set at 6.0% of the gross proceeds, with a reduced fee of 3.0% for certain purchasers on the President's List [4] - Compensation Options will be issued equal to 6.0% of the aggregate number of units sold, with a specific 3.0% for the President's List purchasers [4] - The securities will be subject to a statutory hold period of four months and one day in Canada and a minimum six-month hold period in the U.S. [6] Regulatory Compliance - The units have not been registered under the U.S. Securities Act and cannot be offered or sold in the U.S. without registration or an applicable exemption [5][6] - The Offering is subject to regulatory approvals, including those from the TSX Venture Exchange [3][10]