Bunker Hill Announces Effective Date of Reverse Stock Split and Update to C$30 Million LIFE Offering
Globenewswire·2026-03-04 03:44

Core Viewpoint - Bunker Hill Mining Corp. is implementing a one-for-thirty-five reverse stock split effective March 6, 2026, and is also amending its LIFE offering to include up to 159,735,000 units [1][4][5] Group 1: Reverse Stock Split - The reverse stock split will reduce the number of outstanding common shares from approximately 1.41 billion to about 40.21 million shares, with adjustments for rounding [3] - Following the reverse stock split and assuming the completion of the LIFE offering, the total number of common shares is expected to be approximately 44.78 million [3] - The reverse stock split was approved by a majority of stockholders on January 27, 2026, and is subject to TSXV approval [4] Group 2: LIFE Offering - The LIFE offering will consist of approximately 138.9 million LIFE units, with an additional option for agents to sell up to 20.84 million units [5][15] - The offering will be conducted through a "best efforts" private placement in Canada (excluding Québec) and the United States, along with a non-brokered private placement [5] - The issue price for the LIFE units is set at C$0.18 per unit [15] Group 3: Company Overview - Bunker Hill Mining Corp. focuses on revitalizing the historic Bunker Hill Mine, which contains significant zinc, lead, and silver deposits in Idaho's Coeur d'Alene mining district [7][8] - The company aims to maximize shareholder value through sustainable development practices and modern exploration techniques [8]