$125,000,000
Senior Debt Securities
Subordinated Debt Securities
Common Stock
Warrants
Rights
Units
Silver Bull Resources, Inc. (“Silver Bull,” “we,” “us,” or “our”) may offer and sell from time to time up to $125,000,000 of our senior and subordinated debt securities, common stock, $0.01 par value per share, warrants to purchase any of the other securities that may be sold under this prospectus, rights to purchase common stock and/or senior or subordinated debt securities, units consisting of two or more of these classes or series of securities, and securities that may be convertible or exchangeable to other securities covered hereby, in one or more transactions.
We will provide specific terms of any offering in supplements to this prospectus. The securities may be offered separately or together in any combination and as separate series. You should read this prospectus and any supplement carefully before you invest.
We may sell securities directly to you, through agents we select, or through underwriters or dealers we select. If we use agents, underwriters or dealers to sell the securities, we will name them and describe their compensation in the prospectus supplement. The net proceeds we expect to receive from these sales will be described in the prospectus supplement.
Our common stock is listed on the NYSE MKT under the symbol “SVBL.” On April 9, 2015, the last reported sales price of our common stock on the NYSE MKT was $0.11 per share. Our common stock is also listed on the Toronto Stock Exchange (“TSX”) under the symbol “SVB.” The closing price for our common stock on April 9, 2015, as quoted on the TSX, was Cdn$0.15. The applicable prospectus supplement will contain information, where applicable, as to any other listing on the NYSE MKT, TSX, or other securities exchange of the securities covered by the prospectus supplement.
As of April 9, 2015, the aggregate market value of our outstanding voting and non-voting common equity held by non-affiliates was $14.8 million, based on an aggregate of 159,072,657 shares of common stock outstanding, of which 134,103,904 shares were held by non-affiliates, and a per share price of $0.11, the closing price of our common stock on April 9, 2015 as reported on the NYSE MKT. Pursuant to General Instruction I.B.6 of Form S-3, in no event will we sell shares of our common stock in a public primary offering with a value exceeding more than one-third of our public float in any 12-month period so long as our public float remains below $75.0 million. We have not offered any securities pursuant to General Instruction I.B.6 of Form S-3 during the 12 calendar months prior to and including the date of this prospectus.
The securities offered in this prospectus involve a high degree of risk. You should carefully consider the matters set forth in “Risk Factors” on page 5 of this prospectus or incorporated by reference herein in determining whether to purchase our securities.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
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