SVBL 8-K
Silver Bull Resources, Inc. (SVBL)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
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| Item 5.07 | Submission of Matters to a Vote of Security Holders. |
On April 17, 2025, Silver Bull Resources, Inc. (“Silver Bull” or the “Company”) held its annual meeting of shareholders (the “Annual Meeting”). At the Annual Meeting, three proposals were submitted to the shareholders for approval as set forth in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on February 27, 2025. As of the record date, February 20, 2025, a total of 47,365,652 shares of Silver Bull common stock were outstanding and entitled to vote. In total, 13,269,249 shares of Silver Bull common stock were present in person or represented by proxy at the Annual Meeting, which represented approximately 28.0% of the shares outstanding and entitled to vote as of the record date.
At the Annual Meeting, shareholders approved all three proposals that were submitted, (i) electing the slate of four persons to the Company’s Board of Directors, (ii) ratifying and approving Smythe LLP, Chartered Professional Accountants, as the Company’s independent registered public accounting firm, and (iii) approving the unallocated entitlements under the 2019 Stock Option and Stock Bonus plan. There were a total of 6,228,859 broker non-votes. The votes on the proposals were cast as set forth below:
1. Proposal No. 1 – Election of Directors. The shareholders elected the entire slate of directors presented to the shareholders. As a result, the Company’s Board of Directors consists of the four persons elected at the Annual Meeting.
|
Name |
For |
Withheld |
| Brian D. Edgar | 6,720,326 | 320,064 |
| Timothy T. Barry | 6,697,629 | 342,761 |
| David T. Underwood | 6,721,076 | 319,314 |
| William F. Matlack | 6,732,636 | 307,754 |
2. Proposal No. 2 – Ratification and approval of the appointment of Smythe LLP, Chartered Professional Accountants, as the Company’s independent registered public accounting firm for the fiscal year ending October 31, 2024.
|
For |
Against |
Abstain |
| 12,746,226 | 478,088 | 44,935 |
3. Proposal No. 3 – Approval of the Unallocated Entitlements under the 2019 Stock Option and Stock Bonus Plan.
|
For |
Against |
Abstain |
| 6,403,581 | 475,930 | 160,879 |
| Item 7.01 | Regulation FD Disclosure. |
On April 22, 2025, the Company issued a press release regarding the Annual Meeting. A copy of the press release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.
The information set forth in this Item 7.01, including the information set forth in Exhibit 99.1, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. |
(d)Exhibits.
| Exhibit No. | Description | |
| 99.1 | Press Release, dated as of April 22, 2025 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Silver Bull resources, inc. | ||
| Date: April 23, 2025 | By: | /s/ Christopher Richards |
| Name: | Christopher Richards | |
| Title: | Chief Financial Officer | |
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Exhibit 99.1
| April 22, 2025 | OTCQB: SVBL, TSX: SVB |
SILVER BULL ANNOUNCES VOTING RESULTS OF ANNUAL MEETING OF SHAREHOLDERS
VANCOUVER, BC – (April 22, 2025) – Silver Bull Resources, Inc. (TSX: SVB, OTCQB: SVBL) (“Silver Bull” or the “Company”) is pleased to announce the detailed voting results of the proposals considered at its annual meeting of shareholders held on April 17, 2025 (the “Meeting”). A total of 13,269,249 or 28.0% of the Company’s issued and outstanding shares were represented at the Meeting.
The following nominees, as listed in Silver Bull’s proxy statement, were re-elected as directors of the Company:
| Director | Votes For | % | Withheld Votes | % |
| Brian Edgar | 6,720,326 | 95.4% | 320,064 | 4.6% |
| Timothy Barry | 6,697,629 | 95.1% | 342,761 | 4.9% |
| David Underwood | 6,721,076 | 95.5% | 319,314 | 4.5% |
| William Matlack | 6,732,636 | 95.6% | 307,754 | 4.4% |
Silver Bull is also pleased to announce that the Company’s shareholders have ratified and approved the appointment of Smythe LLP, as the Company’s independent registered public accounting firm, for the fiscal year ending October 31, 2025 (12,746,226 or 96.4% voted “For”, 478,088 or 3.6% voted “Against” and 44,935 abstained from voting).
The Company’s shareholders also voted to approve the unallocated entitlements under the Company’s 2019 Stock Option and Stock Bonus Plan (6,403,581 or 93.1% voted “For”, 475,930 or 6.9% voted “Against”, and 160,879 abstained from voting).
Full details of the proposals are fully described in the Company’s definitive proxy statement filed on February 27, 2025 available on SEDAR+ at www.sedarplus.ca, and on EDGAR at www.sec.gov.
On behalf of the Board of Directors
“Tim Barry”
Tim Barry, CPAusIMM
Chief Executive Officer and Director
INVESTOR RELATIONS:
+1 604 687 5800
Cautionary note regarding forward looking statements: This news release contains forward-looking statements regarding future events and Silver Bull’s and Arras’s future results that are subject to the safe harbors created under the U.S. Private Securities Litigation Reform Act of 1995, the Securities Act of 1933, as amended, and the Exchange Act, and applicable Canadian securities laws. Forward-looking statements include, among others, statements regarding the Mineral Resource estimates for the Sierra Mojada projects and the development of the project. These statements are based on current expectations, estimates, forecasts, and projections about Silver Bull’s and Arras’s exploration projects, 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,” “believes,” “seeks,” “estimates,” “continues,” “may,” variations of such words, and similar expressions and references to future periods, are intended to identify such forward-looking statements. Forward-looking statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond our control, including such factors as whether management’s focus will be as described in this news release, the results of exploration activities and whether the results continue to support continued exploration activities, unexpected variations in ore grade, types and metallurgy, volatility and level of commodity prices, the availability of sufficient future financing, and other matters discussed under the caption “Risk Factors” in Silver Bull’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and our other periodic and current reports filed with the SEC and available on www.sec.gov and with the Canadian securities commissions available on www.sedar.com. Readers are cautioned that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement made by us in this release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.