other_material
confidence high
sentiment positive
materiality 0.75
Bunker Hill Mining closes C$52M bought-deal private placement; Teck Resources participates
Bunker Hill Mining Corp.
- Total gross proceeds ~C$52M from 206.25M CAD units at C$0.12 and 225M USD units at US$0.08711.
- Each unit consists of one common share plus one warrant exercisable at C$0.17 for five years.
- Teck Resources subscribed for 223.8M USD units, raising its non-diluted ownership to 32.6%.
- Proceeds will fund construction, start-up, and ramp-up of the Bunker Hill Zinc-Silver-Lead Mine in Idaho.
- Underwriters paid cash fees of C$1.46M and US$1.18M plus 25.3M compensation options; insider participation noted.
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