UNITED STATES

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1	NAMES OF REPORTING PERSONS
	LAZARUS MACRO MICRO PARTNERS LLLP
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
	(a)☐
	(b)☒
3	SEC USE ONLY
4	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		5	SOLE VOTING POWER
			10,300
		6	SHARED VOTING POWER
			0
		7	SOLE DISPOSITIVE POWER
			10,300
		8	SHARED DISPOSITIVE POWER
			0
9	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	10,300
10	CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
	☐
11	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	0.0%
12	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	PN

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(a)         Name of Issuer:

Silver Bull Resources, Inc.

(b)         Address of Issuer's Principal Executive Office:

777 Dunsmuir Street, Suite 1610

Vancouver, B.C. V7Y 1K4

(a)         Name of Person Filing:

Ibex Microcap Fund LLLP ("Ibex Microcap"), formerly Lazarus Investment Partners LLLP

Lazarus Macro Micro Partners LLLP ("Macro Micro Partners")

Ibex Investors LLC ("Ibex Investors"), formerly Lazarus Management Company LLC

Justin B. Borus

(b)         Address of Principal Business Office or, if none, Residence:

The business address of each of Ibex Microcap, Macro Micro Partners, Ibex Investors and Justin B. Borus is 3200 Cherry Creek South Drive, Suite 670, Denver, Colorado  80209.

(c)         Citizenship:

Reference is made to Item 4 of pages 2–5 of this Schedule 13G (this "Schedule"), which Items are incorporated by reference herein.

(d)         Title of Class of Securities:

Common Stock, par value $0.01 per share (the "Common Stock")

(e)         CUSIP Number:

591257100

 

 

 

 

Reference is hereby made to Items 5-9 and 11 of pages 2 - 5 of this Schedule, which Items are incorporated by reference herein.

Ibex Investors is the investment adviser of Ibex Microcap and Macro Micro Partners, and consequently may be deemed to have voting control and investment discretion over the securities owned by Ibex Microcap and Macro Micro Partners.  Justin B. Borus is the manager of Ibex Investors.  As a result, Mr. Borus may be deemed to be the beneficial owner of any shares deemed to be beneficially owned by Ibex Investors.  The foregoing should not be construed in and of itself as an admission by Ibex Investors or Mr. Borus as to beneficial ownership of the shares owned by Ibex Microcap or Macro Micro Partners.  Each of Ibex Investors and Mr. Borus disclaims beneficial ownership of the securities set forth in this Schedule 13G except to the extent of its or his pecuniary interests therein.

The calculation of percentage of beneficial ownership in Item 11 of pages 2-5 was calculated based on 199,459,967 shares of Common Stock outstanding as of January 16, 2018, as reported in the Issuer's Form 10-K filed with the Securities and Exchange Commission on January 17, 2018.

Not Applicable.

Not Applicable.

Not Applicable.

 

 

Not Applicable.

Not Applicable.

By signing below the undersigned certify that, to the best of their knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §240.14a-11.

 

 

 

After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: February 2, 2018

 

 

 

 

 

 

 

EXHIBIT A

JOINT FILING UNDERTAKING

The undersigned, being authorized thereunto, hereby execute this agreement as an exhibit to this Schedule 13G to evidence the agreement of the below-named parties, in accordance with rules promulgated pursuant to the Securities Exchange Act of 1934, to file this Schedule, as it may be amended, jointly on behalf of each of such parties.

Dated: February 2, 2018