On September 29, 2025, Bunker Hill Mining Corp. announced that it has elected to issue 2,236,111 shares of common stock to satisfy interest payments totaling $268,333.34 on its Series 1 and Series 2 secured convertible debentures. The shares will be issued at $0.12 per share, based on 90 % of the 10‑day volume‑weighted average price of the company’s common stock on the TSX‑V during the pricing period.
The transaction covers interest of $76,666.67 on the Series 1 debentures and $191,666.67 on the Series 2 debentures, which mature on March 31, 2028 and March 31, 2029 respectively. By converting the interest into equity, the company reduces its debt obligations and improves liquidity ahead of the planned restart of the Bunker Hill Mine.
The shares will be delivered to holders of the debentures and to Sprott Private Resource Streaming and Royalty Corp. The issuance is a related‑party transaction under MI 61‑101, but the company has relied on exemptions. The transaction will be completed shortly after the announcement, with a four‑month hold period under Canadian securities law.
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