Bunker Hill Mining Corp. (OTC:BHLL) Stock In Focus After Latest News

Last Friday, there had been a significant number of companies that had been in the news owing to major developments, and one of those was Bunker Hill Mining Corp. (OTC:BHLL). The company announced at the time that it had decided to issue as many as 7,392,859 shares of Bunker Hill Mining Corp. common stock to some holders of 7.5% convertible debentures and 10.5% debentures.

The issuance would lead to the full satisfaction of the interest that was supposed to be paid pertaining to the debentures as of December 31, 2023. The aggregate of the same would be $517,500. In the news release, the company also announced that the convertible debentures were going to mature on March 31, 2026.

As per the terms related to the convertible debentures, the company would issue the new shares, known as ‘interest shares’, for a price of $0.07 each. The price had been decided on the basis of 90% of the 10-day volume-weighted average trading price of the shares of the company’s common stock. The price had been decided based on the trading price on the TSX Venture Exchange for the trading days from December 8, 2023, up until December 21, 2023.

Additionally, Bunker Hill Mining Corp. also announced that it was going to issue a total of as many as 7119049 common shares to certain accounts managed by Sprott Private Resource Streaming and Royalty Corp. The issuance of the aforementioned interest shares was also going to be subject to the terms and conditions governing convertible debentures.

Additionally, those shares would also be subjected to the necessary regulatory approvals, which would include the approval of the TSX Venture Exchange. In light of the announcement about the share issuances, it remains to be seen if Bunker Hill Mining Corp. comes into focus among investors.