Bunker Hill Mining Corp. announced on October 7, 2024, an agreement to settle 1,051,787 vested deferred share units (DSUs) with a former director. The settlement will be executed through the issuance of 1,039,403 common shares.
These DSU Shares are valued at a deemed issue price of C$0.16 per share, which was the closing price on the TSX Venture Exchange on October 7, 2024. This transaction fully satisfies a cash payment obligation of C$166,304.41.
The company's decision to issue shares instead of cash aims to preserve its liquidity for the potential restart and ongoing development of the Bunker Hill Mine. The transaction remains subject to regulatory approvals, including from the TSX Venture Exchange.
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