Silver Bull Resources Inc T.SVB

Tax Implications .

[roadtrain]

Silver Bull Resources announcement September 1 under Tax Implications state Arras shares will be  treated as Dividend kind.

What does this mean in relation to your explanation ? .

[Heywood_Silvers]

I only speak as it pertains to U.S. taxpayers.  For us, the distribution will be a dividend to the extent that there are positive Earnings and Profits.  Considering that SVBL has no positive E &P, the entrie distribution for U.S. taxpayers will be considered a return of capital.  In the event that the value assigned to Arras shares on the day of your distribution exceeds the

[roadtrain]

Thanks.