VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 10, 2016) -
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Silver Bull Resources, Inc. (TSX:SVB)(OTCQB:SVBL) ("Silver Bull" or the "Company") announces that the warrant expiry acceleration clause contained in the common share purchase warrants (the "Warrants") issued by the Company on May 19, 2016, June 3, 2016 and June 29, 2016 has been triggered following a period of five consecutive trading days in which the closing price of the common shares of the Company on the OTCQB Venture Marketplace was US$0.18 or higher. In total, 11,362,310 Warrants have been accelerated.
The Company has elected to accelerate the expiry of the Warrants. The expiry date will now be September 19, 2016.
The Warrants may be exercised at any time before 4:00 p.m. (Vancouver time) on September 19, 2016, by providing to the Company at its offices at Suite 1610, 777 Dunsmuir Street, Vancouver, BC, V7Y 1K4 (i) a duly completed and executed election to exercise form (the "Election to Exercise") and (ii) payment of the Exercise Price (as defined in the Warrant Certificate) by a certified cheque, bank draft or money order payable at par to the order of the Company, or by wire or electronic funds transfer to an account designated by the Company, in each case in the amount of the aggregate Exercise Price for the number of common shares of the Company specified in the Election to Exercise (the "Election Materials"). If the Election Materials are provided to the Company by courier they may be sent to the address above, however, if the Election Materials are provided by regular mail, they must be sent to Suite 1610, 777 Dunsmuir Street, P.O. Box 10427, Vancouver, BC, V7Y 1K4.
About Silver Bull: Silver Bull is a mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. The "Sierra Mojada" project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.
On behalf of the Board of Directors
Tim Barry, CPAusIMM
Chief Executive Officer, President and Director