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Silver Bull Resources, Inc.

09:54 AM EST - Silver Bull Resources, Inc. : Announced its intent to distribute shares of Arras Minerals Corp. to Silver Bull shareholders. As announced on April 1, Silver Bull transferred its Kazakh interests, including the Beskauga Option Agreement and the Ekidos and Stepnoe mineral licences, to Arras Minerals, a newly formed British Columbia incorporated company and currently an approximately 88%-owned subsidiary of Silver Bull. In return, Silver Bull received 36 million shares of Arras Minerals. Silver Bull Resources, Inc. shares T.SVB are trading down $0.01 at $1.10.