Silver Bull Announces Closing of Initial Tranche of Private Placement for CDN$1,459,200, Including CDN$200,000 from Sprott Managed Fund

http://www.silverbullresources.com/s/news.asp?ReportID=795178

VANCOUVER, BC – (July 11, 2017) – Silver Bull Resources, Inc. (TSX: SVB; OTCQB: SVBL) (“Silver Bull” or the “Company“) is pleased to announce that it has completed the initial tranche of its previously announced private placement (the “Private Placement“). The initial tranche consisted of 18,240,000 units (the “Units“) of the Company at a price of CDN$0.08 per Unit for aggregate gross proceeds of CDN$1,459,200. Each Unit consisted of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “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 initial tranche of the Private Placement.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s