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Silver Bull Announces Closing of Second Tranche of Private Placement for Cumulative Gross Proceeds of CDN$1,709,200

 

 

 

 

 

Silver Bull Resources, Inc. (TSX:SVB) (OTCQB:SVBL) is pleased to announce that it has completed the second and final tranche of its previously announced private placement. Under the second tranche of the Private Placement, Silver Bull issued 3,125,000 units of the Company at a price of CDN$0.08 per Unit for aggregate gross proceeds of CDN$250,000. Each Unit consisted of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of CDN$0.13 until the second anniversary of the closing of the Private Placement.

 

 

Under the initial tranche of the Private Placement, which closed on July 10, 2017, Silver Bull issued a total of 18,240,000 Units for aggregate gross proceeds of CDN$1,459,200.

 

 

The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes and exploration of the Sierra Mojada Project.

 

 

All securities issued pursuant to the Private Placement are subject to a hold period under applicable Canadian securities laws, which will expire four months from the date of closing of the Private Placement, and U.S. securities laws, which will expire six months from the date of the closing of the Private Placement.

 

 

The securities issued under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of Silver Bull’s securities in the United States.

 

 

About Silver Bull:

 

Silver Bull is a mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. The Sierra Mojada Project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.

 

Posted August 8, 2017

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Copyright 2017 The Prospector News - Site design by Spyderbaby Productions

Silver Bull Announces Closing of Second Tranche of Private Placement for Cumulative Gross Proceeds of CDN$1,709,200 | Prospector News
Uncategorized

Silver Bull Announces Closing of Second Tranche of Private Placement for Cumulative Gross Proceeds of CDN$1,709,200

 

 

 

 

 

Silver Bull Resources, Inc. (TSX:SVB) (OTCQB:SVBL) is pleased to announce that it has completed the second and final tranche of its previously announced private placement. Under the second tranche of the Private Placement, Silver Bull issued 3,125,000 units of the Company at a price of CDN$0.08 per Unit for aggregate gross proceeds of CDN$250,000. Each Unit consisted of one common share in the capital of the Company and one Common Share purchase warrant. Each Warrant entitles the holder thereof to acquire one Common Share at a price of CDN$0.13 until the second anniversary of the closing of the Private Placement.

 

 

Under the initial tranche of the Private Placement, which closed on July 10, 2017, Silver Bull issued a total of 18,240,000 Units for aggregate gross proceeds of CDN$1,459,200.

 

 

The net proceeds of the Private Placement will be used by Silver Bull for general working capital purposes and exploration of the Sierra Mojada Project.

 

 

All securities issued pursuant to the Private Placement are subject to a hold period under applicable Canadian securities laws, which will expire four months from the date of closing of the Private Placement, and U.S. securities laws, which will expire six months from the date of the closing of the Private Placement.

 

 

The securities issued under the Private Placement have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act“), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of Silver Bull’s securities in the United States.

 

 

About Silver Bull:

 

Silver Bull is a mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. The Sierra Mojada Project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.

 

Posted August 8, 2017

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Monarques Gold Intersects 7.84 g/t Au Over 9.0 Metres (29.5 Feet) at Croinor Gold

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Kootenay Closes $3.9 Million in First Tranche of Private Placement

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Tudor Gold Reports 115.5m of 1.31 g/t Gold at Treaty Creek, Including 39m of 2.38 g/t Gold

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Copyright 2017 The Prospector News - Site design by Spyderbaby Productions