Brian D. Edgar Form 4 SILVER BULL RESOURCES / Brian D. Edgar ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Edgar Brian D.

(Last) (First) (Middle)

C/O SILVER BULL RESOURCES, INC.

777 DUNSMUIR STREET, SUTIE 1610

(Street)

VANCOUVER, BC A1 V7Y 1K4

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SILVER BULL RESOURCES, INC. [ SVBL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman

3. Date of Earliest Transaction (Month/Day/Year)
10/27/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	10/27/2020		P		213,000	A	(1)	249,602(3)	I	By Tortuga Investments Corp.
Common Stock	10/27/2020		P		425,000	A	(2)	425,000	I	By 0893306 B.C. Ltd.
Common Stock								706,352(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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 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: 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		106,500		10/27/2020	10/27/2025	Common Stock	106,500	(1)	106,500	I	By Tortuga Investments Corp.
Warrants (Right to Buy)	$0.59	10/27/2020		P		212,500		10/27/2020	10/27/2025	Common Stock	212,500	(2)	212,500	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.

	/s/ Brian D. Edgar	10/29/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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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 Number.