Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - SILVER BULL RESOURCES, INC. | ex32x2.htm |
| EX-32.1 - EXHIBIT 32.1 - SILVER BULL RESOURCES, INC. | ex32x1.htm |
| EX-31.2 - EXHIBIT 31.2 - SILVER BULL RESOURCES, INC. | ex31x2.htm |
| EX-31.1 - EXHIBIT 31.1 - SILVER BULL RESOURCES, INC. | ex31x1.htm |
| EX-23.2 - EXHIBIT 23.2 - SILVER BULL RESOURCES, INC. | ex23x2.htm |
| EX-23.1 - EXHIBIT 23.1 - SILVER BULL RESOURCES, INC. | ex23x1.htm |
| 10-K - FORM 10-K - SILVER BULL RESOURCES, INC. | svbl_10k-103118.htm |
Exhibit 21.1
SUBSIDIARIES OF THE REGISTRANT
We currently conduct our operations through subsidiaries. The names and ownership structure of our subsidiaries as of January 16, 2019 are set forth in the chart below:
|
Name
|
Jurisdiction of Incorporation or Organization
|
Ownership Percentage
|
|
Metalline, Inc. ("Metalline")
|
Colorado, USA
|
100% by Silver Bull
|
|
Contratistas de Sierra Mojada S.A. de C.V. ("Contratistas")
|
Mexico
|
98% by Silver Bull and 2% by Metalline (1)
|
|
Minera Metalin S.A. de C.V. ("Minera Metalin")
|
Mexico
|
99.998% by Silver Bull and 0.002% by Metalline (1)
|
|
Minas de Coahuila SBR S.A. de C.V.
|
Mexico
|
100% by Minera Metalin S.A. de C.V.
|
|
Dome Ventures Corporation ("Dome")
|
Delaware, USA
|
100% by Silver Bull
|
|
Dome Asia Inc.
|
British Virgin Islands
|
100% by Dome
|
|
Dome Minerals Nigeria Limited
|
Nigeria
|
99.99% by Dome Asia Inc.
|
(1) Pursuant to that certain earn-in option agreement (the "Option Agreement"), dated June 1, 2018, among the Company, Minera Metalin, Contratistas, and South32 International Investment Holdings Pty Ltd ("South32"), a wholly owned subsidiary of South32 Limited (ASX/JSE/LSE: S32), South32 is able to obtain an option to purchase 70% of the equity of Minera Metalin and Contratistas (the "Option"), and oversee the mineral exploration of Minera Metalin's Sierra Mojada property located in Coahuila, Mexico (the "Sierra Mojada Project"). The Option Agreement provides that, upon the terms and subject to the conditions set forth in the Option Agreement, in order for South32 to maintain its Option, South32 must contribute to Minera Metalin a minimum of $10 million in tranches over the first four years of the Option for the Sierra Mojada Project funding (the "Initial Funding"). South32 may exercise the Option at any time by contributing $100 million to Minera Metalin (the "Subscription Payment"), less the amount of Initial Funding previously contributed by South32. Once the full amount of the Subscription Payment is advanced by South32 and the Option is exercised, the Company and South32 will be obligated to contribute funding to Minera Metalin on a 30/70 pro rata basis. If South32 elects not to continue with the Sierra Mojada Project during the four-year option period, the Sierra Mojada Project will remain 100% owned by the Company. The exploration program will be initially managed by the Company.