In September 2021, Silver Bull distributed 34,547,838 common shares of Arras Minerals Corp. to shareholders of Silver Bull common stock, whereby for each share of Silver Bull common stock, shareholders received one common share of Arras Minerals. For US shareholders of Silver Bull common stock, we have completed IRS Form 8937 to provide general U.S. tax information on this distribution.
The information contained herein and in the IRS Form 8937 attachments does not constitute tax, accounting or legal advice and does not purport to be complete or to describe the consequences that may apply to particular categories of shareholders. Silver Bull does not provide tax, accounting or legal advice. Any tax statements contained herein and in the attachment were not intended or written to be used, and cannot be used, for the purpose of avoiding penalties imposed under the Internal Revenue Code. You are urged to consult your own tax advisor regarding the particular consequences of the distribution to you, including the applicability and effect of all U.S. federal, state, local and foreign tax laws.