Business
Silver Bull Signs Term Sheet with Coeur d'Alene Mines for $5 Million Investment
May 18, 2011 (Filing Services Canada) -- Silver Bull Resources Inc.  (SVB - TSX, SVBL...
About this update from Silver Bull Resources, Inc.
[{"type":"text","content":"\nSilver Bull Signs Term Sheet with Coeur d'Alene Mines for $5 Million Investment\n\n May 18, 2011 (Filing Services Canada) -- Silver Bull Resources Inc.  (SVB - TSX, SVBL - NYSE - Amex),is pleased to announce that Coeur d'Alene Mines Corporation (NYSE: CDE, TSX: CDM) (\"Coeur d'Alene\") has executed a term sheet to make a US$5 million investment in Silver Bull. Coeur d'Alene intends to purchase 7,352,941 shares of Silver Bull common stock at $0.68 per share in a private placement transaction. Closing of the transaction is subject to the execution of a definitive agreement, and approval of the NYSE Amex Stock Exchange and the Toronto Stock Exchange.  Tim Barry, President and CEO states, \"We are extremely pleased to have a company with the reputation and stature of Coeur d'Alene invest in Silver Bull and this financing will allow us to complete our planned 2011 exploration program at Sierra Mojada. We feel this investment is a solid endorsement of the work we have completed to date, and of the potential at the Sierra Mojada project.\"  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 SrdanovicManager Corporate CommunicationsDirect Line: (604) 895-7429Office Line: (604) [email protected] 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\"). 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,\" \"goals,\" \"projects,\" \"intends,\" \"plans,\"...