MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
−Removed: common shares are traded on Canadian Securities Exchange under the symbol “BNKR.”
−Removed: of March 30, 2022, there were approximately 102 stockholders of record of our common shares and, according to our estimates,
−Removed: approximately 500 beneficial owners of our common shares.
+Added: common shares are traded on Canadian Securities Exchange under the symbol “BNKR” and on the OTCQB under the symbol “BHLL”.
+Added: of April 17, 2023, there were approximately 157 stockholders of record of our common shares and, according to our estimates, approximately
+Added: 500 beneficial owners of our common shares.
Sales of Securities
−Removed: unregistered sales of securities have been previously reported on Form 8-K
+Added: April 1, 2022, the Company closed a private placement of 37,849,325 special warrants of the Company and a non-brokered private placement
+Added: of 1,471,664 units of the Company for aggregate gross proceeds of approximately $9,384,622 (C$11,796,297).
+Added: Related parties, including
+Added: management, directors, and consultants, participated in the special warrant private placement for a total of 4,809,160 shares (included
+Added: in the total above).
+Added: The special warrants of the Company were issued at a price of C$0.30 per special warrant.
+Added: Each special warrant of
+Added: the Company became automatically exercisable on June 3, 2022.
+Added: Each unit of the Company consists of one share of common stock and one
+Added: warrant of the Company.
+Added: Each warrant entitles the holder to acquire one share of common stock of the Company for C$0.37 until April 1,
+Added: The offering of special warrants of the Company was led by Echelon Wealth Partners Inc.
+Added: and included BMO Nesbitt Burns Inc.
+Added: Laurentian Bank Securities Inc.
+Added: (collectively, the “Agents”).
+Added: In connection with the private placement, the Agents and other
+Added: eligible parties received (i) cash commission in the amount of $563,968 and (ii) compensation options exercisable to acquire an aggregate
+Added: of 1,879,892 units of the Company (each, a “Compensation Unit”) at C$0.30 per unit until April 1, 2024.
+Added: Each Compensation
+Added: Unit consists of one share of common stock and one warrant of the Company.
+Added: Each warrant entitles the holder thereof to acquire one warrant
+Added: share at a price of $0.37 per warrant share until April 1, 2024.
+Added: The Company relied on the exemption from registration under Section
+Added: 4(a)(2) of the U.S.
+Added: Securities Act of 1933, as amended, or Rule 506 of Regulation D, or Regulation S, and in reliance on similar exemptions
+Added: under applicable state laws, for purposes of the private placement.
Purchases of Equity Securities
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