Silver Bull Resources Inc (SVBL)

[californiagold]

11.36 million Warrants TRIGGERED from most recent financings.
The three tranches of SVBL capital raised in May and June 2016 were done by selling one share of stock with an attached 1 warrant per share. The conditions of the warrants were such that:

"Each Unit consists of one common share in the capital of the Company and one Common Share purchase warrant (a "Warrant"). 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."

SVBL has closed above US$0.18 for 6 days in a row triggering the warrants. There were 11.36 million warrants from the three tranches and they will be expiring in the next 30 days. If all 11.36 million warrants are exercised at CDN$0.16 in the next 30 days it will mean another CDN$1.82 million (US$1.38 million) for SVBL to have to further their prospects.