Silver Bull Announces Execution Of Definitive Share Purchase Agreement With BHK Resources, Inc. Vancouver, British Columbia - May 22, 2014 - Silver Bull Resources, Inc. (TSX: SVB, NYSE MKT: SVBL) ("Silver Bull") is pleased to announce that it has executed a definitive share purchase agreement with BHK Resources Inc. ("BHK") a capital pool company with TSX Venture Exchange trading symbol BHK.P, in connection with the proposed sale of Dome International Global Inc. ("Dome"), a wholly-owned subsidiary of Silver Bull which holds, indirectly, a 100% interest in and to the Ndjole manganese and gold project (the "Project"), located in Gabon. The proposed transaction was previously announced on December 17, 2013 (the "Transaction").
Pursuant to the Transaction, BHK will acquire all of the issued and outstanding securities of Dome from a wholly owned subsidiary of Silver Bull for an aggregate payment of USD$1,500,000, payable in cash, of which USD$25,000 was previously paid as a non-refundable deposit. Upon the completion of the Transaction, Dome will become a wholly owned subsidiary of BHK.
Tim Barry, Silver Bull President & CEO states, "We are very pleased to have executed a definitive share purchase agreement with BHK for the sale of the Ndjole Property in Gabon. Silver Bull is fully focused on advancing its flagship Sierra Mojada silver-zinc project in Coahuila, Mexico, and if completed, this transaction will give the company the opportunity to generate $1.5 million in non-dilutive capital in a very difficult capital markets environment. We look forward to working with BHK to complete this transaction in a timely manner."
About Silver Bull: Silver Bull is a U.S. registered mineral exploration company listed on both the NYSE MKT and TSX stock exchanges and based out of Vancouver, Canada. The company's flagship "Sierra Mojada" project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc. Silver Bull also has 2 mineral licenses in Gabon, Central Africa, which are prospective for gold, manganese, and iron ore.
On behalf of the Board of Directors
"Tim Barry"
Tim Barry, MAusIMM
Chief Executive Officer, President and Director
INVESTOR RELATIONS:
Tim Barry
+1 604 687 5800
info@silverbullresources.com
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