Bunker Hill Mining (TSE:BNKR) has released an update.
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Bunker Hill Mining Corp. has opted to issue over 4.65 million shares to satisfy interest payments due on its convertible debentures. These shares are being issued at a discounted rate based on recent average trading prices and will be held for a four-month period as per Canadian securities laws. A significant portion of these shares will be acquired by Sprott Private Resource Streaming and Royalty Corp., in a transaction considered related party due to Sprott’s managed accounts.
For further insights into TSE:BNKR stock, check out TipRanks’ Stock Analysis page.