Silver Bull Resources Inc (SVBL)

[basserdan]

Worth reposting....

SVBL Chairman Brian Edgar Bought 192,810 Shares in the 2nd Tranche of the Private Placement for SVBL on June 3, 2016. He purchased these shares and receive the accompanying warrant for each share through his private company Tortuga Investments. See link and footnotes for details.

http://www.insidermonkey.com/insider-trading/filing/5501887

Nice to see an insider put further money towards the stock. Through the three tranches of this placement SVBL raised $1.1 million USD (11.36 million shares @ $0.13 CDN) and if the stock trades above $0.18 USD for 5 days which seems close at hand, SVBL will likely raise another $1.4 million USD (11.36 million warrants @ $0.16 CDN). That is a nice $2.5 million USD in their coffers. Opens up likelihood of drilling some of their high target sights peripheral and releasing additional information about how extensive deposit might be. These drilling tests were expected to run about $500,000 and should allow a number of press releases in the coming months. This will be very exciting and I am sure Tim Barry is excited to be doing some geological work again and drilling.
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Additionally, with the June 30th closing of this approx 10MM offering, those shares include a warrant that can be exercised in the next 12 months.

Each Warrant entitles the holder thereof to acquire one common share at a price of CDN$0.16 until the date that is 12 months following closing of the Private Placement. If the closing price of the common shares of the Company on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days, then the Warrant will expire 30 trading days from such fifth consecutive day. http://tinyurl.com/gww6d3d

Those 10 million plus warrants, when exercised as I believe they will after SVBL crosses .20 will bring in another million plus bucks to help advance their operation.