Bunker Hill Announces Closing of C$33,752,300 Brokered Life Offering, Concurrent Non-Brokered Private Placement and Warrant Exercise

Core Viewpoint - Bunker Hill Mining Corp. has successfully closed a private placement offering, raising a total of C$33,752,300 through a combination of brokered and non-brokered offerings, as well as warrant exercises, to support the ramp-up of the Bunker Hill Mine to commercial production [1][3]. Group 1: Offering Details - The company issued 150,808,332 LIFE Units at a price of C$0.18 per unit, resulting in gross proceeds of C$27,145,500 from the Brokered Offering [1]. - An additional 8,926,668 LIFE Units were issued under a concurrent non-brokered offering, generating C$1,606,800 in gross proceeds [2]. - The total gross proceeds from the offerings and warrant exercises amounted to C$33,752,300 [3]. Group 2: Use of Proceeds - The net proceeds from the offerings will be utilized for working capital to ramp up the Bunker Hill Mine to commercial production, exploration, and general corporate purposes [5]. Group 3: Warrant and Compensation Options - Each LIFE Unit consists of one common share and one warrant, with warrants exercisable at C$0.30 per share for 36 months [4]. - The company paid aggregate cash fees of C$1,579,290 to agents and issued 8,782,833 non-transferrable compensation options, which are exercisable at C$0.18 per share for 24 months [7]. - Insider participation accounted for 300,000 LIFE Units sold under the offering, which is classified as a related party transaction [8].