Silver Bull Resources Announces Offering of US$9.1 Million is Fully Allocated

 Silver Bull Resources Inc. (TSX:SVB,NYSE:SVBL) announced that the offering of up to 22,750,000 units is fully allocated. Total proceeds of US$9.1 million are expected and each unit is at a price of US$0.40.

As quoted in the press release:

Each unit issued in the offering is comprised of one share of common stock of Silver Bull (a “Common Share”) and one-half of one Common Share purchase warrant, with each whole warrant exercisable to purchase one Common Share, at an exercise price of US$0.55, for a period of 18 months from the closing of this offering. Silver Bull has granted the agents an over-allotment option, exercisable for a period of 30 days following the closing, to increase the size of the offering by up to an aggregate of 2,275,000 units to cover over-allotments, if any.

Click here to read the Silver Bull Resources Inc. (TSX:SVB,NYSE:SVBL) press release

See this press release on Marketwire
Click here to see the Silver Bull Resources Inc. (TSX:SVB,NYSE:SVBL) profile

Get the Latest Silver Investing Stock Information

Get the latest information about companies associated with Silver Investing delivered directly to your inbox.

Silver $0-15m
Silver $15-50m
Other Companies

Select All Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

Comments

Leave a Reply