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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Warrants (Right to Buy) | $ 0.1236 (4) | 06/03/2016 | P | 192,810 | 06/03/2016 | (5) | Common Stock | 192,810 | (1) | 192,810 | I | By Tortuga Investments Corp. |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Edgar Brian D. C/O SILVER BULL RESOURCES, INC. 925 WEST GEORGIA STREET, SUITE 1908 VANCOUVER, A1 V6C 3L2 |
X | Chairman |
/s/ Brain D. Edgar | 06/06/2016 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | The reported securities are included within 192,810 SVBL units (the "Units") purchased by the reporting person for C$0.13 per Unit. Each Unit consists of one share of SVBL common stock and one warrant to purchase one share of SVBL common stock. |
(2) | Represents SVBL common stock purchased and held by Tortuga Investments Corp., a private company wholly owned by the reporting person. |
(3) | The reporting person disclaims beneficial ownership of these securities, which are held by 0893306 B.C. Ltd., a private company wholly owned by the reporting person's spouse, except to the extent of his pecuniary interest therein for purposes of Section 16 or for any other purpose. |
(4) | Warrants were priced in Canadian dollars at C$0.16. Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of June 6, 2016 (C$1.00=US$0.77266). |
(5) | Each warrant entitles the reporting person to acquire one share of SVBL common stock until June 5, 2017, but if the closing price of the shares of SVBL common stock on the OTCQB Venture Marketplace is US$0.18 or higher for five consecutive trading days, then the warrants will expire 30 trading days from such fifth consecutive day. |