Silver Bull Resources Inc. (TSX:SVB,NYSE:SVBL) announced a proposed public offering of units. Each unit will be composed of one share of common stock of Silver Bull and one-half of one Common Share purchase warrant. Each whole warrant is exercisable to purchase one Common Share for a period of 18 months from the closing of this offering.
As quoted in the press release:
The pricing and number of units to be offered will be determined in the context of the market. PI Financial Corp. and Stifel Nicolaus Canada Inc. are acting as co-lead placement agents for the offering, and Roth Capital Partners, LLC is a co-placement agent in the United States in connection with this offering.