M&A
confidence high
sentiment neutral
materiality 0.85
Bunker Hill to acquire Silver47 in all-stock deal; ~43% ownership to Silver47
Bunker Hill Mining Corp.
- Exchange ratio: 0.1724 Bunker Hill shares per Silver47 share; no fractional shares.
- Issues ~36 million shares, representing ~43% of post-closing outstanding.
- Board expands to 7 directors; Galen McNamara named President and Chief Investment Officer.
- Termination fees: Silver47 pays ~$5.7M; Bunker Hill pays ~$6.6M under specified conditions.
- Shareholder approvals required; closing targeted by Jan 31, 2027.