---
schema_version: "secwatch.filing_event.v1"
accession: "0001079973-23-001507"
form_type: "8-K"
ticker: "SVBL"
cik: "0001031093"
company_name: "SILVER BULL RESOURCES, INC."
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T04:02:00.392207+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001079973-23-001507
- form_type: 8-K
- ticker: SVBL
- cik: 0001031093
- company_name: SILVER BULL RESOURCES, INC.
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1031093/000107997323001507/0001079973-23-001507-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1031093/000107997323001507/svbl_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001079973-23-001507
- JSON: https://secwatch.observer/filing/0001079973-23-001507.json
- Plain text: https://secwatch.observer/filing/0001079973-23-001507.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1031093/000107997323001507/0001079973-23-001507-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.