Bunker Hill reports agreement to issue shares for DSU settlement

seekingalpha10-07

Bunker Hill Mining (OTCQB:BHLL) has entered into an agreement with a former director regarding the settlement of an aggregate of 1,051,787 vested deferred share units of the company previously granted...

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Pursuant to the terms of the settlement agreement, Bunker Hill Mining  has agreed to issue 1,039,403 shares of the company to the recipient at a deemed issue price of C$0.16 per DSU share, representing the closing price of the shares of common stock on October 7, 2024, in full settlement and satisfaction of the C$166,304.41 cash payment. The company intends to issue the DSU shares to preserve its cash for the potential restart and ongoing development of the Bunker Hill Mine. 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