Breaking News: Bunker Hill to Issue Shares in Exchange for Debenture Interest Payment and Financing Cooperation Fee

Breaking News: Bunker Hill to Issue Shares in Exchange for Debenture Interest Payment and Financing Cooperation Fee

KELLOGG, Idaho and VANCOUVER, British Columbia, Dec. 20, 2024 (GLOBE NEWSWIRE) —

Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSXV:BNKR | OTCQB:BHLL) announces that it has elected to issue an aggregate of 7,392,859 shares of common stock of the Company (the “Interest Shares”) to certain holders of 7.5% convertible debentures (the “Series 1 Convertible Debentures”) and 10.5% convertible debentures (the “Series 2 Convertible Debentures” and, together with the Series 1 Convertible Debentures, the “Convertible Debentures”) in full satisfaction of the interest payable thereunder as of December 31, 2024 in the aggregate amount of USD$517,500.00 (the “Interest Payment”). The Convertible Debentures mature on March 31, 2028 & March 31, 2029, respectively.

Investors and financial analysts are closely watching this move by Bunker Hill as it marks a unique transaction in the mining industry. By issuing shares in exchange for debenture interest payments, the company is exploring innovative ways to manage its financial obligations while also potentially attracting new investors.

Impact on Individuals

For individual investors holding Bunker Hill’s convertible debentures, this announcement could have a significant impact on their investment strategy. Instead of receiving cash payments for their interest, they will now be given shares in the company. This could potentially lead to a shift in their portfolio composition and risk exposure.

Impact on the World

On a larger scale, this decision by Bunker Hill could set a precedent for other mining companies facing similar financial challenges. By creatively addressing their debt obligations through equity issuance, companies in the industry may find new ways to strengthen their balance sheets and attract capital for future growth projects.

Conclusion

In conclusion, Bunker Hill’s strategy of issuing shares in exchange for debenture interest payments and financing cooperation fees is a bold move that could have far-reaching implications. It will be interesting to see how this decision plays out in the coming months and whether it will be emulated by other players in the mining sector.

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