Silver Bull to Voluntarily Delist from the NYSE MKT

Silver Bull Resources Inc. (TSX:SVB,NYSEMKT:SVBL) announced plans to voluntarily delist from the NYSE MKT in an effort to cut costs. The company has applied to have its shares traded on the OTCQX, but did not mention what will happen with its TSX listing.

As quoted in the press release:

Like many junior exploration companies, the Company has pursued vigorous cost cutting over the past two years. The Company’s common shares are currently traded on the Toronto Stock Exchange and the NYSE MKT exchange, two of the premier stock exchanges in the world for junior mining/exploration companies. While continued listing on both exchanges would be ideal, the Company’s board of directors has determined that it would be in the best interest of the Company and its shareholders to voluntarily delist from the NYSE MKT exchange due to costs associated with the continued listing and NYSE MKT exchange rules with respect to maintenance of a minimum share price. The Company will continue to file periodic reports with the SEC pursuant to the requirements of the Securities Exchange Act of 1934, as amended and the Company’s shares will continue to trade on the Toronto Stock Exchange.

The Company anticipates that the last day of trading for its common shares will be on or about June 26, 2015. The Company has made application to have its shares traded on the OTCQX quotation system operated by the OTC Markets Group once the delisting from NYSE MKT is complete.

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

Silver Bull is a U.S. registered mineral exploration company based out of Vancouver, Canada. The flag ship “Sierra Mojada” project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.