04:25 PM EDT, 03/22/2024 (MT Newswires) -- Bunker Hill Mining ( BHLL ) on Friday said it is issuing 6.4-million shares to pay US$0.51 million owing on its 7.5% series 1 convertible debentures and its 10.5% series 2 convertible debentures. Both series mature on March 31, 2026.

The company said the shares will be issued with a deemed price of C$0.08, 90% of the 90-day volume weighted average trading price of the its shares.

"The issuance of the Interest Shares is subject to the terms and conditions of the convertible debentures as well as the receipt of all regulatory approvals," the company noted.

Bunker Hill shares closed up C$0.005 to C$0.13 on the TSX Venture Exchange.