VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 20, 2016) - Silver Bull Resources, Inc. (TSX:SVB)(OTCQB:SVBL) ("Silver Bull" or the "Company") is pleased to announce the detailed voting results on the items of business considered at its Annual General Meeting of Shareholders held on April 20, 2016 (the "Meeting"). A total of 99,192,126 or 62.4% of the Company's issued and outstanding shares were represented at the Meeting. The following nominees, as listed in Silver Bull's Management Information Circular, were re-elected as directors of the Company:
| Director |
|
Votes For |
|
% |
|
Withheld
Votes |
|
% |
| Timothy Barry |
|
55,744,165 |
|
95.4% |
|
2,710,616 |
|
4.6% |
| Brian Edgar |
|
53,372,376 |
|
91.3% |
|
5,082,405 |
|
8.7% |
| Daniel Kunz |
|
53,342,876 |
|
91.3% |
|
5,111,905 |
|
8.7% |
| John McClintock |
|
56,323,173 |
|
96.4% |
|
2,131,608 |
|
3.6% |
Silver Bull is pleased to announce that the Shareholders have approved the appointment of Smythe LLP, as auditors of the Company (93,378,592 or 94.1% voted "For", 4,206,116 or 4.3% voted "Against" and 1,607,418 or 1.6% abstained from voting) until the next annual meeting of shareholders or until their successor is appointed, at a remuneration to be fixed by the Company's directors. Finally, a majority of the Company's disinterested shareholders voted to ratify, approve and re-adopt the Company's stock option and stock bonus plan and all unallocated entitlements issuable thereunder (49,396,176 and 88.1% voted "For", 6,560,165 or 11.7% voted "Against", and 103,465 and 0.2% abstained from voting). For the election of directors and ratification, approval and re-adoption of the Company's stock option and stock bonus plan, there were a total of 40,737,345 broker non-votes.
Full details of all proposals are fully described in the Company's Management Information Circular available on SEDAR at www.sedar.com, and on EDGAR at www.sec.gov.
About Silver Bull: Silver Bull is a mineral exploration company whose shares are listed on the TSX stock exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. The "Sierra Mojada" project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.
On behalf of the Board of Directors
Tim Barry, CPAusIMM, Chief Executive Officer, President and Director