- Silver Bull Resources (OTCQB:SVBL) intends to complete a non‑brokered private placement of up to 11.69M units at a price of C$0.11 per Unit, for gross proceeds of up to $1.29M.
- Each Unit will consist of one share of common stock and one half of one common share purchase warrant.
- Each Warrant shall be exercisable to acquire one additional common share at an exercise price of C$0.13 for a period of five years from the date of the closing date of the Private Placement.
- The Co. anticipates using the proceeds for general working capital and corporate purposes, including investigation and potential acquisition of additional exploration projects.
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