Bunker Hill Announces C$45 Million “Bought Deal” Private Placement of Units
Bunker Hill Mining (OTCQB: BHLL) has announced a significant C$45 million "bought deal" private placement of units at C$0.12 per unit. Each unit consists of one common share and one warrant exercisable at C$0.17 for 60 months. The offering includes two major cornerstone investors committing approximately US$19.6 million and US$5 million respectively.
The Underwriters have an option to purchase an additional 56,250,000 units, potentially increasing the total proceeds. The company will pay underwriters a 6% cash commission and 6% compensation options. The proceeds will be used to advance the Bunker Hill Mine construction towards commercial production and for general corporate purposes.
The offering is expected to close on September 29, 2025, subject to regulatory approvals including TSXV approval. Securities will have a statutory hold period of four months and one day in Canada and a minimum six-month hold period in the U.S.
Bunker Hill Mining (OTCQB: BHLL) ha annunciato un importante collocamento privato a "bought deal" del valore di C$45 milioni, con emissione di unità a C$0,12 ciascuna. Ogni unità comprende una azione ordinaria e una warrant esercitabile a C$0,17 per 60 mesi. L’offerta vede la partecipazione di due grandi investitori cornerstone che si sono impegnati per circa US$19,6 milioni e US$5 milioni rispettivamente.
Gli underwriter hanno l’opzione di acquistare ulteriori 56.250.000 unità, aumentando potenzialmente il ricavato complessivo. La società corrisponderà agli underwriter una commissione in contanti del 6% e opzioni di compenso pari al 6%. I proventi saranno utilizzati per portare avanti la costruzione della miniera Bunker Hill verso la produzione commerciale e per scopi aziendali generali.
La chiusura dell’offerta è prevista per il 29 settembre 2025, subordinata alle approvazioni regolamentari, inclusa quella della TSXV. I titoli saranno soggetti a un periodo di lock-up statutario di quattro mesi e un giorno in Canada e a un periodo minimo di sei mesi negli Stati Uniti.
Bunker Hill Mining (OTCQB: BHLL) ha anunciado una colocación privada tipo "bought deal" por C$45 millones, con unidades a C$0.12 cada una. Cada unidad incluye una acción común y una warrant ejercitable a C$0.17 durante 60 meses. La oferta cuenta con la participación de dos grandes inversores cornerstone que se han comprometido aproximadamente por US$19.6 millones y US$5 millones, respectivamente.
Los colocadores tienen la opción de comprar otras 56.250.000 unidades, lo que podría aumentar los fondos totales. La compañía pagará a los colocadores una comisión en efectivo del 6% y opciones de compensación del 6%. Los ingresos se destinarán a avanzar la construcción de la mina Bunker Hill hacia la producción comercial y a fines corporativos generales.
Se espera que la operación se cierre el 29 de septiembre de 2025, sujeta a aprobaciones regulatorias, incluida la aprobación de la TSXV. Los valores tendrán un período de retención estatutario de cuatro meses y un día en Canadá y un período mínimo de seis meses en EE. UU.
Bunker Hill Mining (OTCQB: BHLL)는 단위당 C$0.12로 총 C$4500만 규모의 "bought deal" 사모 발행을 발표했습니다. 각 유닛은 보통주 1주와 C$0.17에 60개월 동안 행사할 수 있는 워런트 1개로 구성됩니다. 이번 발행에는 약 미화 1,960만 달러 및 500만 달러를 각각 약정한 두 개의 주요 코너스톤 투자자가 참여합니다.
인수단은 추가로 56,250,000유닛을 매입할 수 있는 옵션을 보유하고 있어 총 조달액이 늘어날 수 있습니다. 회사는 인수단에 대해 현금 수수료 6% 및 보상옵션 6%을 지급합니다. 조달 자금은 Bunker Hill 광산의 상업적 생산을 향한 건설 진행 및 일반 기업 목적에 사용될 예정입니다.
본 거래는 TSXV 승인 등 규제 승인을 전제로 2025년 9월 29일에 마감될 예정입니다. 증권은 캐나다에서 4개월 1일의 법정 보유기간이 적용되며, 미국에서는 최소 6개월의 보유기간이 적용됩니다.
Bunker Hill Mining (OTCQB: BHLL) a annoncé un placement privé de type « bought deal » d’un montant significatif de C$45 millions, avec des unités à C$0,12 chacune. Chaque unité comprend une action ordinaire et un warrant exerçable à C$0,17 pendant 60 mois. L’opération inclut la participation de deux investisseurs institutionnels majeurs (cornerstone) s’engageant respectivement pour environ US$19,6 millions et US$5 millions.
Les garants disposent d’une option d’achat de 56 250 000 unités supplémentaires, ce qui pourrait augmenter le produit total. La société versera aux garants une commission en numéraire de 6% et des options de rémunération équivalentes à 6%. Les fonds serviront à faire avancer la construction de la mine Bunker Hill vers la production commerciale et à des fins générales d’entreprise.
La clôture est prévue le 29 septembre 2025, sous réserve des approbations réglementaires, y compris celle de la TSXV. Les titres seront soumis à une période de blocage statutaire de quatre mois et un jour au Canada et à une période minimale de six mois aux États-Unis.
Bunker Hill Mining (OTCQB: BHLL) hat eine bedeutende "bought deal" Privatplatzierung in Höhe von C$45 Millionen angekündigt, bei der Einheiten zu je C$0,12 ausgegeben werden. Jede Einheit besteht aus einer Stammaktie und einer für 60 Monate zu C$0,17 ausübbaren Warrant. Die Platzierung umfasst zwei große Cornerstone-Investoren, die sich jeweils mit rund US$19,6 Millionen bzw. US$5 Millionen engagiert haben.
Den Zeichnungsunternehmern steht eine Option zum Kauf von zusätzlich 56.250.000 Einheiten zu, wodurch der Gesamterlös potenziell steigen kann. Das Unternehmen zahlt den Underwritern eine Barausschüttung von 6% und Vergütungsoptionen von 6%. Die Mittel werden verwendet, um den Bau der Bunker Hill Mine bis zur kommerziellen Produktion voranzutreiben und für allgemeine Unternehmenszwecke.
Der Abschluss der Platzierung wird für den 29. September 2025 erwartet, vorbehaltlich behördlicher Genehmigungen, einschließlich der TSXV-Zulassung. Die Wertpapiere unterliegen in Kanada einer gesetzlichen Haltefrist von vier Monaten und einem Tag und in den USA einer Mindesthaltefrist von sechs Monaten.
- Substantial financing secured with C$45 million bought deal private placement
- Strong institutional backing with US$24.6 million from two cornerstone investors
- Proceeds will advance mine construction towards commercial production
- 60-month warrants provide long-term upside potential at C$0.17 strike price
- Significant dilution for existing shareholders with 375 million new units being issued
- 6% cash commission and compensation options add to the cost of capital
- Additional dilution possible through 56.25 million unit over-allotment option
- Long hold period restrictions on new securities (4 months in Canada, 6 months in US)
KELLOGG, Idaho and VANCOUVER, British Columbia, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corp. (“Bunker Hill” or the “Company”) (TSX-V: BNKR |OTCQB: BHLL) is pleased to announce that it has entered into an agreement with a lead underwriter, acting on behalf of a syndicate of underwriters (the “Underwriters”) to be formed, under which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 375,000,000 units of the Company (the “Units”) at a price per Unit of C
Each Unit will consist of one share of common stock of the Company (a “Common Share”) and one common stock purchase warrant of the Company (a “Warrant”). Each Warrant will entitle the holder thereof to acquire one share of common stock of the Company (a “Warrant Share”) at a price per Warrant Share of C
The Company has agreed to grant the Underwriters an option (the “Underwriters’ Option”) to purchase up to an additional 56,250,000 Units at the Issue Price, exercisable in whole or in part at any time up to 48 hours prior to the Closing Date.
A cornerstone investor is expected to subscribe for approximately US
The Company intends to use the net proceeds of the Offering to advance the construction of the Bunker Hill Mine and move it to commercial production, and for general corporate and working capital purposes.
The Offering is being made to eligible substituted purchasers resident in each of the Provinces of Canada and Territories of Canada in accordance with National Instrument 45-106 – Prospectus Exemptions. and/or in jurisdictions other than Canada that are mutually agreed to by the Company and the Underwriters, subject to compliance with applicable regulatory requirements. The securities issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the closing date of the Offering.
The Offering is expected to close on September 29, 2025, and is subject to certain closing conditions including, but not limited to, the receipt of all necessary approvals including the conditional listing approval of the TSX Venture Exchange (“TSXV”) and the applicable securities regulatory authorities.
In consideration for their services, the Company has agreed to pay the Underwriters a cash commission equal to
The Units have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
The securities to be issued under the Offering will be subject to statutory hold period of four months and one day in accordance with applicable Canadian securities laws and to a minimum concurrent six-month hold period in accordance with applicable U.S. securities laws. Such securities have not been registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
On behalf of Bunker Hill Mining Corp.
Sam Ash
President and Chief Executive Officer
For additional information, please contact:
Brenda Dayton
Vice President, Investor Relations
T: 604.417.7952
E: brenda.dayton@bunkerhillmining.com
Cautionary Statements
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Certain statements in this news release are forward-looking and involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the U.S. Securities Act and Section 21E of the U.S. Securities Exchange Act of 1934, as amended, as well as within the meaning of the phrase ‘forward-looking information’ in the Canadian Securities Administrators’ National Instrument 51-102 – Continuous Disclosure Obligations (collectively, “forward-looking statements”). Forward-looking statements are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, “plan” or variations of such words and phrases.
Forward-looking statements in this news release include, but are not limited to, statements regarding: the Offering, including the expected Closing Date and the availability of MI 61-101 exemptions; the intended use of the net proceeds of the Offering; the grant or exercise of the Over-Allotment Option; the receipt of all regulatory and stock exchange approvals, including the approval of the TSX-V; the Company’s ability to secure sufficient project financing to complete the construction of the Bunker Hill Mine and move it to commercial production in a manner that maximizes shareholder value.
Forward-looking statements reflect material expectations and assumptions, including, without limitation, expectations and assumptions relating to: Bunker Hill’s ability to receive sufficient project financing for the construction of the Bunker Hill Mine on an acceptable timeline, on acceptable terms, or at all; our ability to service our existing debt and meet the payment obligations thereunder; further drilling and geotechnical work supporting the planned restart and operations at the Bunker Hill Mine; the future price of metals; and the stability of the financial and capital markets. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, those risks and uncertainties identified in public filings made by Bunker Hill with the U.S. Securities and Exchange Commission (the “SEC”) and with applicable Canadian securities regulatory authorities, and the following: Bunker Hill’s ability to use the net proceeds of the Offering in a manner that will increase the value of stockholders’ investments; the dilution of current stockholders as a result of the consummation of the Offering; Bunker Hill’s ability to operate as a going concern and its history of losses; Bunker Hill’s inability to raise additional capital for project activities, including through equity financings, concentrate offtake financings or otherwise; the fluctuating price of commodities; capital market conditions; restrictions on labor and its effects on international travel and supply chains; failure to identify mineral resources; further geotechnical work not supporting the continued development of the Bunker Hill Mine or the results described herein; failure to convert estimated mineral resources to reserves; the preliminary nature of metallurgical test results; the Company’s ability to raise sufficient project financing, on acceptable terms or at all, to restart and develop the Bunker Hill Mine and the risks of not basing a production decision on a feasibility study of mineral reserves demonstrating economic and technical viability, resulting in increased uncertainty due to multiple technical and economic risks of failure which are associated with this production decision including, among others, areas that are analyzed in more detail in a feasibility study, such as applying economic analysis to resources and reserves, more detailed metallurgy and a number of specialized studies in areas such as mining and recovery methods, market analysis, and environmental and community impacts and, as a result, there may be an increased uncertainty of achieving any particular level of recovery of minerals or the cost of such recovery, including increased risks associated with developing a commercially mineable deposit, with no guarantee that production will begin as anticipated or at all or that anticipated production costs will be achieved; the Company requiring additional capital expenditures than anticipated, resulting in delays in the expected restart timeline; failure to commence production would have a material adverse impact on the Company’s ability to generate revenue and cash flow to fund operations; failure to achieve the anticipated production costs would have a material adverse impact on the Company’s cash flow and future profitability; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; political risks; changes in equity markets; uncertainties relating to the availability and costs of financing needed in the future; the inability of the Company to budget and manage its liquidity in light of the failure to obtain additional financing, including the ability of the Company to complete the payments pursuant to the terms of the agreement to acquire the Bunker Hill Mine complex; inflation; changes in exchange rates; fluctuations in commodity prices; delays in the development of projects; and capital, operating and reclamation costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements in this news release are reasonable, undue reliance should not be placed on such statements or information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all, including as to whether or when the Company will achieve its project finance initiatives, or as to the actual size or terms of those financing initiatives, or whether and when the Company will achieve its operational and construction targets. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
Readers are cautioned that the foregoing risks and uncertainties are not exhaustive. Additional information on these and other risk factors that could affect the Company’s operations or financial results are included in the Company’s annual report and may be accessed through the SEDAR+ website (www.sedarplus.ca) or through EDGAR on the SEC website (www.sec.gov).
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