SILVER BULL ANNOUNCES CLOSING OF SECOND TRANCHE OF PRIVATE PLACEMENT FOR CUMULATIVE GROSS PROCEEDS OF US$1.85 MILLION

SilverBull_10112020

VANCOUVER, BC – (November 10, 2020) – Silver Bull Resources, Inc. (TSX: SVB; OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce that it has completed the second and final tranche of its previously announced private placement (the “Private Placement”). Under the second tranche, the Company issued 319,000 units (the “Units”) at a price of US$0.47 per Unit for aggregate gross proceeds
of US$149,930. Each Unit consists of one share of common stock in the Company (a “Common Share”) and one half of one 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 second tranche of the Private Placement.

Leave a Reply