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Silver Bull Resources Inc announces receipt of signed letter of intent from BHK Resources for the Purchase of company's Ndjole Property, Gabon, West Africa


Tuesday, 17 Dec 2013 08:00am EST 

Silver Bull Resources Inc:Says it has entered into a binding letter of agreement dated Dec. 13 with BHK Resources, Inc, to sell all of the issued and outstanding securities of Dome International Global Inc.Says this is a subsidiary of Silver Bull and private British Virgin Islands company which holds, indirectly, a 100% interest in and to the Ndjole manganese and gold licenses, located in Gabon.Says transaction is an arm's length transaction.Says as consideration for the Dome Securities, BHK will pay to Silver Bull an aggregate of$1,500,000, payable in cash, of which $25,000 was paid as a non-refundable deposit upon the execution of the letter agreement.Says upon the completion of the Transaction, Dome International Global Inc. will become a wholly owned subsidiary of BHK. 

Company Quote

0.1351
1.0E-4 +0.07%
3:38pm EST