Bunker Hill announces closing of non-brokered private placement
TORONTO, CANADA — Bunker Hill Mining Corp. is pleased to announce the closing of the oversubscribed previously announced on Nov. 13 private placement of units of the company at C$0.075 per Unit. Each Unit consists of one common share of the company and one common share purchase warrant exercisable into a common share at $0.10 per common share for 36 months.
Pursuant to the offering, the company sold the total of 6,458,664 Units for gross proceeds of C$484,399.80. All securities issued pursuant to the offering are subject to the customary four months and a day holding period, and to a concurrent six-month hold period in accordance with applicable U.S. securities laws. The completion of the offering is subject to receipt of approval by the Canadian Securities Exchange.
The proceeds from the offering will be used to fund the recently reinstated company’s interest in the Bunker Hill Mine and for working capital.
This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements.