Mr. John Ryan reports
BUNKER CLOSES SECOND AND FINAL TRANCHE OF $1.55M NON-BROKERED PRIVATE PLACEMENT OF COMMON SHARES
Bunker Hill Mining Corp. has closed the second and final tranche of the non-brokered private placement of 31 million common shares of the company at five cents per common share that was previously announced in the company's July 18, 2019, Aug. 1, 2019, and Aug. 23, 2019, news releases. The first tranche of the offering closed on Aug. 23, 2019, and consisted of the sale of 30 million common shares for gross proceeds of $1.5-million. The second tranche consisted of the sale of one million common shares for gross proceeds of $50,000, making the total gross proceeds of the offering $1.55-million.
The net proceeds from the offering shall be primarily used for lease and other payments required to keep the company's option interest in the Bunker Hill mine in good standing, for further development of the Bunker Hill mine, and for general corporate and working capital purposes.
The securities issued in connection with the offering are subject to a customary four-month-and-one-day hold period in accordance with applicable Canadian securities laws and to a concurrent six-month hold period in accordance with applicable U.S. securities laws.
About Bunker Hill Mining Corp.
Bunker Hill Mining has an option to acquire 100 per cent of the Bunker Hill mine.
We seek Safe Harbor.
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