debt
confidence high
sentiment positive
materiality 0.75
Bunker Hill closes first tranche of silver loan for $16.4M, extends Sprott debt maturities
Bunker Hill Mining Corp.
- First tranche of silver loan closed for US$16,422,039 (609,805 oz silver); total facility up to 1.2M oz silver.
- Loan bears 15% interest payable quarterly in cash or silver; term 3 years; secured by all assets.
- 1,280,591 warrants issued to Monetary Metals at C$0.16 exercise price, exercisable until Aug 8, 2027.
- Sprott convertible debentures extended: Series 1 to Mar 2028, Series 2 to Mar 2029; loan extended to Jun 2030 with interest rising to 15% after Jun 2027.
- Royalty put option termination date extended to later of debenture repayment or Mar 31, 2029.