Voldemort29 Dec 2020 13:10
Bunker Hill Mining Announces Effectiveness Of Form S-1 Resale Registration Statement, And Voluntary Lock-up Agreements And Warrant Amendments With Early Shareholders
TORONTO, ON, December 28, 2020 – Bunker Hill Mining Corporation (the “Company”) (CSE: BNKR) announces that on December 28, 2020, the United States Securities and Exchange Commission (“SEC”) declared effective the Company’s registration statement on Form S-1 (the “Registration Statement”) relating to resale by certain securityholders of the Company named in the Registration Statement of up to 166,114,748 common shares in the capital the Company previously issued by the Company and issuable by the Company upon the exercise of Common Share purchase warrants previously issued by the Company (the Common Shares so previously issued and issuable and qualified by the Registration Statement, the “Securities”).
Concurrent with this declaration, the Company is pleased to announce that early-stage strategic investors have entered into voluntary lock up agreements pursuant to which they will not sell, transfer or pledge any of the Bunker Hill shares acquired in the 2019 recapitalization. This represents approximately 35M shares or 24.5% of the issued share capital of the Company.
Sam Ash, the Company’s Chief Executive Officer, stated:
“These voluntary lock-up agreements demonstrate the confidence that these early investors have in the Company’s new management team, our silver-focused strategy and align fully their interests with those new investment partners that joined us this August.”