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*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol SILVER BULL RESOURCES, INC. [ SVBL ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 06/03/2016 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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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) | 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 | 06/03/2016 | P | 192,810 | A | (1) | 292,810(2) | I | By Tortuga Investments Corp. | ||
| Common Stock | 664,962(3) | I | By 0893306 B.C. Ltd. | |||||||
| Common Stock | 5,650,815 | D | ||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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) | $0.1236(4) | 06/03/2016 | P | 192,810 | 06/03/2016 | (5) | Common Stock | 192,810 | (1) | 192,810 | I | By Tortuga Investments Corp. | |||
| Explanation of Responses: |
| 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. |
| /s/ Brain D. Edgar | 06/06/2016 | |
| ** 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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. | ||