Item 5. Market for Registrant’s Common Equity
ITEM
5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Market
Information
Our
common shares are traded on Canadian Securities Exchange under the symbol “BNKR” and on the OTCQB under the symbol “BHLL”.
Stockholders
As
of April 17, 2023, there were approximately 157 stockholders of record of our common shares and, according to our estimates, approximately
500 beneficial owners of our common shares.
Unregistered
Sales of Securities
On
April 1, 2022, the Company closed a private placement of 37,849,325 special warrants of the Company and a non-brokered private placement
of 1,471,664 units of the Company for aggregate gross proceeds of approximately $9,384,622 (C$11,796,297). Related parties, including
management, directors, and consultants, participated in the special warrant private placement for a total of 4,809,160 shares (included
in the total above). The special warrants of the Company were issued at a price of C$0.30 per special warrant. Each special warrant of
the Company became automatically exercisable on June 3, 2022. Each unit of the Company consists of one share of common stock and one
warrant of the Company. Each warrant entitles the holder to acquire one share of common stock of the Company for C$0.37 until April 1,
2025. The offering of special warrants of the Company was led by Echelon Wealth Partners Inc. and included BMO Nesbitt Burns Inc. and
Laurentian Bank Securities Inc. (collectively, the “Agents”). In connection with the private placement, the Agents and other
eligible parties received (i) cash commission in the amount of $563,968 and (ii) compensation options exercisable to acquire an aggregate
of 1,879,892 units of the Company (each, a “Compensation Unit”) at C$0.30 per unit until April 1, 2024. Each Compensation
Unit consists of one share of common stock and one warrant of the Company. Each warrant entitles the holder thereof to acquire one warrant
share at a price of $0.37 per warrant share until April 1, 2024. The Company relied on the exemption from registration under Section
4(a)(2) of the U.S. Securities Act of 1933, as amended, or Rule 506 of Regulation D, or Regulation S, and in reliance on similar exemptions
under applicable state laws, for purposes of the private placement.
Issuer
Purchases of Equity Securities
None.
ITEM
6. SELECTED FINANCIAL DATA
Not
Applicable.
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