On June 5, 2025, Bunker Hill Mining Corp. has closed the transaction. The company concurrent non-brokered private placement (the ?Teck Private Placement?
and, together with the Brokered Private Placement, the ?Equity Offerings?) with Teck Resources Limited (together with its affiliates, ?Teck?) for approximately CAD 38,055,573.589635( $20,500,000) . As part of the Equity Offerings, the Company issued an aggregate of 252,215,751 units of the Company at a price of CAD.150885 for aggregate gross proceeds of CAD 38,055,573.589635 (or the U.S. Dollar equivalent thereof) per Unit (the ?Offering Price?), of which (i) Teck acquired 195,294,655 Units at a price of CAD .150885 for gross proceeds of CAD 29,467,034.019675 (the ?Teck Units?), and (ii) 56,921,096 Units at a price of CAD .150885 for gross proceeds of CAD 8,588,539.56996 were sold by a syndicate of agents led by BMO Capital Markets, CIBC Capital Markets and Red Cloud Securities Inc., as joint bookrunners, and including National Bank Financial Inc. (collectively, the ?Agents?), of which Sprott Streaming acquired 10,000,000 Units (the ?Sprott Subscription?).Each Unit issued under the Equity Offerings consisted of one share of common stock (a ?Common Share?) and one-half of one Common Share purchase warrant (a ?Warrant?). Each whole Warrant will be exercisable to acquire one additional Common Share (a ?Warrant Share?) at a price of CAD0.25 per Warrant Share for a period of three (3) years following the date of issuance, subject to customary adjustments.
All securities issued pursuant to the Equity Offerings (i) are subject to a four month plus one day hold period in accordance with applicable Canadian securities laws and, if applicable, the policies of the TSX Venture Exchange (the ?TSX-V?)In connection with the Brokered Private Placement, the Agents received cash commissions of CAD 461,061.The Company also announces that Paul Smith has resigned as a director of the Company.
