Financings

Bunker Hill revises bought deal private placement

By The Northwire Desk — AI Analysis Sep 15, 2025 · 16:23 BNKR · 0.195 Bunker Hill Mining Corp.

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Bunker Hill Mining Corp. revised its previously announced C$45 million bought‑deal private placement to include both Canadian‑dollar and U.S.–dollar tranches.
The offering will sell 150 million units at C$0.12 per unit (gross proceeds ≈ C$18 M) and 225 million units at US$0.08711 per unit (gross proceeds ≈ US$19.6 M).
Closing is expected on September 29, 2025, subject to customary conditions including TSX‑V listing approval; underwriters will receive cash commissions and compensation options as detailed.

Tranche Structure:
Canadian‑dollar tranche – 150 million units @ C$0.12/unit → gross proceeds ≈ C$18 M.
U.S.–dollar tranche – 225 million units @ US$0.08711/unit → gross proceeds ≈ US$19,599,750.
Underwriters: Haywood Securities Inc. (lead underwriter and sole bookrunner) with syndicate including BMO Capital Markets.
Cornerstone Investor: Expected to subscribe for the entire U.S.–dollar tranche.
Closing Date: Anticipated September 29, 2025, subject to receipt of all required approvals (including conditional TSX‑V listing).
Commission & Compensation:
Cash commission to underwriters: 6.0% of gross proceeds; reduced to 3.0% for units sold to “president’s list” purchasers.
Non‑transferable compensation options: up to 6.0% of units sold; 3.0% for president’s list purchases.
Finder fees (e.g., Zed Financial Partners): cash commission of 4.0% of gross proceeds from introduced subscribers; compensation options equal to 4.0% of units sold to those subscribers.
Option Terms: Each option exercisable for one common share at C$0.12 per share, valid for 24 months post‑closing.
Holding Periods: Securities subject to a statutory hold period of four months + one day (Canada) and a minimum concurrent six‑month hold period (U.S.).

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