Statement of Changes in Beneficial Ownership (4)
October 29 2020 - 3:04PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Edgar Brian D. |
2. Issuer Name and Ticker or Trading Symbol
SILVER BULL RESOURCES, INC.
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SVBL
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chairman |
(Last)
(First)
(Middle)
C/O SILVER BULL RESOURCES, INC., 777 DUNSMUIR STREET, SUTIE 1610 |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/27/2020 |
(Street)
VANCOUVER, BC, A1 V7Y 1K4
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 10/27/2020 | | P | | 213000 | A | (1) | 249602 (3) | I | By Tortuga Investments Corp. |
Common Stock | 10/27/2020 | | P | | 425000 | A | (2) | 425000 | I | By 0893306 B.C. Ltd. |
Common Stock | | | | | | | | 706352 (4) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Warrants (Right to Buy) | $0.59 | 10/27/2020 | | P | | 106500 | | 10/27/2020 | 10/27/2025 | Common Stock | 106500 | (1) | 106500 | I | By Tortuga Investments Corp. |
Warrants (Right to Buy) | $0.59 | 10/27/2020 | | P | | 212500 | | 10/27/2020 | 10/27/2025 | Common Stock | 212500 | (2) | 212500 | I | By 0893306 B.C. Ltd. |
Explanation of Responses: |
(1) | The reported securities are included within 213,000 SVBL units (the "Units") purchased by Tortuga Investments Corp., a private company wholly owned by the reporting person, for $0.47 per Unit. Each Unit consists of one share of SVBL common stock and one half of one common share purchase warrant |
(2) | The reported securities are included within 425,000 SVBL Units purchased by 0893306 B.C. Ltd., a private company wholly owned by the reporting person's spouse, for $0.47 per Unit. Each Unit consists of one share of SVBL common stock and one half of one common share purchase warrant. The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose. |
(3) | On September 18, 2020, Silver Bull Resources, Inc. completed a one-for-eight reverse stock split of the shares of SVBL common stock, resulting in the ownership of 256,208 fewer shares of SVBL common stock held by Tortuga Investments Corp. |
(4) | On September 18, 2020, Silver Bull Resources, Inc. completed a one-for-eight reverse stock split of the shares of SVBL common stock, resulting in the ownership of 4,944,463 fewer shares of SVBL common stock held directly by the reporting person. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Edgar Brian D. C/O SILVER BULL RESOURCES, INC. 777 DUNSMUIR STREET, SUTIE 1610 VANCOUVER, BC, A1 V7Y 1K4 | X |
| Chairman |
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Signatures
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/s/ Brian D. Edgar | | 10/29/2020 |
**Signature of Reporting Person | Date |
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