SILVER BULL ANNOUNCES PRIVATE PLACEMENT OF US$1.85 MILLION AND CORPORATE UPDATE

2020-10-14-svb-nr

VANCOUVER, BC – (October 14, 2020) – Silver Bull Resources, Inc. (TSX: SVB; OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce its intention to complete a private placement (the “Private Placement”) of up to 3,942,590 units (the “Units”) of the Company at a price of US$0.47 per Unit for gross proceeds of approximately US$1,853,000. Each Unit will consist of one share of common stock in the Company (a “Common Share”) and one half of one non-transferable Common Share purchase warrant (each whole warrant, a “Warrant”). Each Warrant entitles the holder to acquire one Common Share at a price of US$0.59 per Common Share until the fifth anniversary of closing of the Private Placement.

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