Silver Bull Resources closes C$1.285M private placement of 11.685M units at C$0.11/unit

SILVER BULL RESOURCES, INC.

Aggregate gross proceeds of C$1,285,350 from sale of 11,685,000 units at C$0.11 per unit.
Each unit: one common share + one-half warrant (exercisable at C$0.13 for five years).
Insiders (two directors and entity affiliated with Chairman) purchased 2,100,000 units for C$231,000.
Finder's fees of C$19,656.30 paid to PI Financial, Research Capital, and Haywood Securities.
Securities restricted under U.S. laws; no Canadian hold period except for insiders per TSX.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SILVER BULL RESOURCES, INC. entered into Subscription Agreement with certain investors valued at C$1,285,350 (effective 2023-10-30).

Action: entry
Agreement: equity purchase
Counterparty: certain investors
Value: C$1,285,350
Effective: 2023-10-30

Exact text from the filing

On October 30, 2023, Silver Bull Resources, Inc. (the “Company”) entered into a series of substantially similar unit subscription agreements (each, a “Subscription Agreement”) pursuant to which the Company issued and sold to certain investors in a private placement an aggregate of 11,685,000 units (the “Units”) of the Company at a price of C$0.11 per Unit, for aggregate gross proceeds of C$1,285,350 (the “Private Placement”).

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Source: SEC EDGAR

accession 0001079973-23-001507

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