Mergers & Acquisitions ·
Bunker Hill Silver completes acquisition of Silver47 for ~36.3M shares, appoints Galen McNamara as President
BHLLBunker Hill Mining Corp.
Bunker Hill Silver Corp. completed its previously announced strategic business combination with Silver47 Exploration Corp., acquiring all outstanding common shares of Silver47 pursuant to a court-approved plan of arrangement under British Columbia law. Former Silver47 shareholders received 0.1724 Bunker Hill shares for each Silver47 share, resulting in the issuance of approximately 36,325,517 new shares representing roughly 43% of the combined company's outstanding equity. The transaction also involved the exchange of Silver47 options and warrants into replacement securities exercisable for up to an additional ~13.9 million Bunker Hill shares. Concurrently, Galen McNamara was appointed President and Chief Investment Officer with an annual base salary of C$420,000, while Gary Thompson resigned from the Board shortly after appointment. The company also increased its authorized share capital to 400 million and changed its name from Bunker Hill Mining Corp. Bunker Hill Silver Corp. is a U.S.-focused mining company building operations at its flagship Bunker Hill Mine in Idaho.