PP now closed, Insiders participated, onwards we go! TORONTO, Feb. 24, 2021 (GLOBE NEWSWIRE) -- Bunker Hill Mining Corporation (the “Company”) (CSE: BNKR) is pleased to announce that it has closed the non-brokered private placement of 19,994,080 units of the Company (“Units”) at $0.40 per Unit for gross proceeds of approximately C$8,000,000 (the “Offering”) that was previously announced in the Company’s February 1, 2021 and February 2, 2021 news releases.
Each Unit consists of one common share of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”). Each whole Warrant entitles the holder to acquire one Common Share at a price of C$0.60 per Common Share for a period of five years. The Units and securities underlying them will be subject to a customary four month and a 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.