Past year: ▲ 1623%(13.8c – 4.29 USD)
Each one in plain English, with the numbers worked through for a shareholder.
3 Dec 2018capital raising announcement▼ Bad
Bunker Hill raised C$484,400 in a small private placement at just C$0.075/unit - a steep down-round from the C$1.25/unit raised a year earlier - to keep its reinstated interest in the Bunker Hill Mine in good standing.
4 Sept 2018capital raising announcement● Neutral
Bunker Hill's lender Hummingbird Resources increased its convertible loan from US$1.5 million to US$2.0 million, with the additional US$500,000 convertible at a lower CAD$0.45/share.
20 July 2018capital raising announcement● NeutralMajor
Bunker Hill took on a US$1.5 million unsecured convertible loan from UK miner Hummingbird Resources (10% interest, convertible at $0.85/share) specifically to fund its EPA payment obligations tied to the Bunker Hill Mine's Superfund settlement. Hummingbird gained a board-seat right if its stake passes 5%, plus a right of first refusal on future company financings or asset deals.
21 May 2018debt financing● Neutral
Bunker Hill Mining and the EPA modified their settlement to add a requirement that the company obtain a discharge permit within five years; all other terms of the environmental settlement were unchanged.
7 Mar 2018debt financing▲ GoodMajor
Bunker Hill Mining signed a settlement with the EPA resolving decades of Superfund liability at the Bunker Hill Mine: the company will perform mine-water remediation work and pay $20 million over time (plus water-treatment costs) on behalf of the mine's prior owner, in exchange for the EPA agreeing not to sue and to release its lien on the mine -- clearing the legal path to actually operate it.
11 Dec 2017capital raising announcement▲ GoodMajor
Now renamed Bunker Hill Mining Corp., the company raised C$9.7 million in its first major financing since leasing the historic Bunker Hill Mine, led by Red Cloud Klondike Strike and Haywood Securities - funding lease payments, acquisition costs, and exploration/development at the mine.
23 Aug 2017debt financing▲ GoodMajor
Liberty Silver pivoted away from its Nevada exploration project, leasing the historic Bunker Hill zinc-lead-silver mine in Idaho from Placer Mining Corp with an option to buy it outright for $45 million -- the deal that would eventually reshape the company into Bunker Hill Mining Corp.
9 May 2017capital raising announcement● Neutral
Liberty Silver closed a second tranche of its private placement, raising another CAD$1.6 million for working capital.
29 Mar 2017capital raising announcement● Neutral
Liberty Silver raised CAD$1.5 million in a private placement for general working capital, shortly before its August 2017 pivot to leasing the Bunker Hill Mine.
3 Mar 2017material agreement● Neutral
Liberty Silver proposed a private placement of up to 1.5 million shares at CAD$1.00 to raise up to CAD$1.5 million for working capital.
2 Feb 2017material agreement● Neutral
Liberty Silver amended its Trinity Silver earn-in with Renaissance Gold, pushing back the feasibility-study deadline to 2020 and paying about $96,000 for an option to buy out Renaissance's remaining interest in the project entirely.
24 Jan 2017capital raising announcement● NeutralMajor
Liberty Silver's lender BG Capital Group converted the entirety of its remaining loan (now increased to US$1.4 million with accrued interest) into shares, eliminating the company's debt to BGCG but leaving BGCG holding roughly 62% of the company - already its majority shareholder before this conversion.
3 Feb 2015security holder rights change▼ BadMajor
Liberty Silver completed a 1-for-15 reverse stock split, shrinking its share count from about 185.3 million to 12.4 million shares -- a step often taken to prop up a depressed share price.
20 Oct 2014capital raising announcement▼ BadMajor
Liberty Silver restructured its debt with lender BG Capital Group (BGCG): it converted about US$1.25 million of existing loan debt into roughly 100 million common shares at a fraction of a cent each - heavy dilution - while also taking on a new US$1.25 million credit facility (11% interest, convertible into shares at BGCG's option) to fund Trinity project work and working capital, a sign the company was struggling to fund itself any other way.
3 Sept 2014auditor change● Neutral
Liberty Silver engaged MNP LLP as its new auditor, replacing Morrill & Associates.
16 July 2014auditor change● Neutral
Liberty Silver's auditor Morrill & Associates resigned.
15 Nov 2013debt financing▼ BadMajor
Liberty Silver finalized a $1.21 million secured loan with BG Capital Group at 11% interest, secured by essentially all company assets, with BG emerging as a roughly 10.3% shareholder -- underscoring how reliant the company had become on this single lender for working capital.
4 Oct 2013debt financing● Neutral
Liberty Silver signed a non-binding term sheet for a $1.0 million secured loan from BG Capital Group at 11% interest, drawing an initial $50,000 immediately -- a sign of tightening cash resources.
15 Feb 2013financial restatement▼ Bad
Liberty Silver restated its fiscal 2012 annual and interim financial statements after its auditor found the warrants issued in its stock "Unit" offerings had been incorrectly accounted for as financing expense instead of a liability.
16 Oct 2012asset acquisition disposition▲ GoodMajor
Liberty Silver closed its purchase of the Hi Ho Properties -- the only acreage within the Trinity land package it didn't already control -- from Primus Resources for $250,000 cash plus $1.86 million in stock and a 2% royalty, consolidating full ownership of the Trinity Silver project area.
22 Aug 2012material agreement● NeutralMajor
Liberty Silver extended the deadline on its takeover offer for Sennen Resources to September 10, 2022, saying Sennen's special committee had not produced any competing proposal; separately touted its recent Hi Ho property acquisition as further de-risking the Trinity Silver project.
17 July 2012business combination▲ GoodMajor
Liberty Silver launched a share-exchange offer to acquire all of Sennen Resources Ltd. at 0.28 of a Liberty Silver share per Sennen share, valuing Sennen at about $13.4 million and aiming to combine Sennen's cash with Liberty Silver's Trinity Silver project.
25 Jan 2012drilling progress report▲ Good
Liberty Silver began its first drilling program at the Trinity Silver project in Nevada.
21 Dec 2011capital raising announcement▲ GoodMajor
Liberty Silver's stock was approved for listing on the Toronto Stock Exchange (ticker LSL) - a meaningful liquidity and credibility milestone for the small explorer - triggering automatic conversion of US$3.25 million in previously-sold subscription receipts (from a November 2011 raise) into tradeable shares and warrants.
20 Dec 2011capital raising announcement● Neutral
Liberty Silver raised US$1.3 million in another private placement, continuing its pattern of small equity raises to fund exploration.
10 Nov 2011material agreement▲ GoodMajor
Liberty Silver raised $3.25 million from Look Back Investments through a subscription-receipt financing, contingent on the Toronto Stock Exchange approving Liberty Silver's listing.
12 Sept 2011capital raising announcement● Neutral
Liberty Silver raised Cdn$660,000 in another small private placement to continue funding exploration.
3 May 2011debt financing● Neutral
Liberty Silver borrowed $150,000 from six of its own directors via promissory notes plus warrants, a modest insider bridge loan to fund operations.
3 Mar 2011resource reserve update▲ GoodMajor
Liberty Silver announced an independently verified NI 43-101 mineral resource estimate for its Trinity Silver project in Nevada, an early derisking milestone for the property.
4 Feb 2011auditor change● Neutral
Liberty Silver dismissed its auditor Chisholm, Bierwolf, Nilson & Morrill after the firm disclosed its PCAOB registration was being revoked, replacing it with Morrill & Associates.
