Business
Silver Bull Closes $5 Million Private Placement with Coeur d'Alene Mines
Jun. 3, 2011 (Filing Services Canada) -- Silver Bull Resources Inc.  (SVB - TSX, SVBL...
About this update from Silver Bull Resources, Inc.
[{"type":"text","content":"\nSilver Bull Closes $5 Million Private Placement with Coeur d'Alene Mines\n\n Jun. 3, 2011 (Filing Services Canada) -- Silver Bull Resources Inc.  (SVB - TSX, SVBL - NYSE - Amex),is pleased to announce the closing of its recently announced private placement financing with Coeur d'Alene Mines Corporation (NYSE: CDE, TSX: CDM) (\"Coeur d'Alene\"). Coeur d'Alene purchased 7,353,000 shares of Silver Bull common stock at $0.68 per share for total gross proceeds of US$5,000,040. Tim Barry, President and CEO of Silver Bull states, \"The closing of this financing with Coeur d'Alene is significant as we have secured the funds necessary for our current exploration program at Sierra Mojada and now have a strategic partner that is the largest U.S.-based primary silver producer with experience in developing several silver mines worldwide, including Mexico.\"The proceeds of the financing will be used in the continued exploration and advancement of Silver Bull's flagship Sierra Mojada silver-zinc project in Mexico and for general corporate purposes.About Silver Bull Silver Bull is focused on the acquisition, exploration and potential development of mineral properties. Silver Bull currently owns mineral concessions in the municipality of Sierra Mojada, Coahuila, Mexico and holds exploration licenses in Gabon, Africa. To obtain more information on Silver Bull visit the web site at www.silverbullresources.com.  On behalf of the Board of Directors,\"Tim Barry\"Tim Barry, MAusIMMChief Executive Officer, President and DirectorInvestor Relations Contact Information: Anthony Srdanovic, Manager Corporate CommunicationsDirect: (604) 895-7429 or Office: (604) [email protected] Cautionary note regarding forward looking statements. This news release contains forward-looking statements regarding future events and Silver Bull's future results that are subject to the safe harbours created under the Securities Act of 1933 (the \"Securities Act\") and the Securities Exchange Act of 1934 (the \"Exchange Act\") and forward-looking information under Canadian securities laws. These statements are based on current expectations, estimates, forecasts, and projections about the industry in which Silver Bull operates and the beliefs and assumptions of Silver Bull's management. Words such as \"expects,\" \"anticipates,\" \"targets,...