Silver Elephant Mining Corp. (SILEF) has reduced its stake in Oracle Commodity Holding Corp. through the sale of 4 million common shares on June 9, 2025, via the TSX Venture Exchange for $100,000. Prior to the sale, Silver Elephant held 36.7M shares (35.30% ownership), and after the transaction, it now holds 32.7M shares, representing 31.45% ownership on a non-diluted basis and 29.28% on a fully diluted basis. This represents a 3.85% reduction in Silver Elephant's shareholdings in Oracle. The company plans to use the proceeds for general working capital purposes and may adjust its Oracle holdings based on market conditions.
Silver Elephant Mining Corp. (SILEF) ha ridotto la sua partecipazione in Oracle Commodity Holding Corp. vendendo 4 milioni di azioni ordinarie il 9 giugno 2025, tramite la TSX Venture Exchange, per 100.000 dollari. Prima della vendita, Silver Elephant deteneva 36,7 milioni di azioni (35,30% di propriet脿); dopo la transazione, ne possiede 32,7 milioni, pari al 31,45% su base non diluita e al 29,28% su base completamente diluita. Questo rappresenta una riduzione del 3,85% della quota di Silver Elephant in Oracle. L'azienda intende utilizzare i proventi per il capitale circolante generale e potrebbe modificare la sua partecipazione in Oracle in base alle condizioni di mercato.
Silver Elephant Mining Corp. (SILEF) ha reducido su participaci贸n en Oracle Commodity Holding Corp. mediante la venta de 4 millones de acciones comunes el 9 de junio de 2025, a trav茅s de la bolsa TSX Venture Exchange, por 100,000 d贸lares. Antes de la venta, Silver Elephant pose铆a 36.7 millones de acciones (35.30% de propiedad); tras la transacci贸n, posee 32.7 millones, lo que representa un 31.45% en base no diluida y un 29.28% en base totalmente diluida. Esto representa una reducci贸n del 3.85% en la participaci贸n de Silver Elephant en Oracle. La compa帽铆a planea usar los ingresos para capital de trabajo general y podr铆a ajustar su participaci贸n en Oracle seg煤n las condiciones del mercado.
Silver Elephant Mining Corp. (SILEF) a r茅duit sa participation dans Oracle Commodity Holding Corp. en vendant 4 millions d'actions ordinaires le 9 juin 2025 via la TSX Venture Exchange pour 100 000 dollars. Avant la vente, Silver Elephant d茅tenait 36,7 millions d'actions (35,30 % de participation) ; apr猫s la transaction, elle en d茅tient 32,7 millions, repr茅sentant 31,45 % sur une base non dilu茅e et 29,28 % sur une base enti猫rement dilu茅e. Cela repr茅sente une r茅duction de 3,85 % de la part de Silver Elephant dans Oracle. La soci茅t茅 pr茅voit d'utiliser les fonds pour le fonds de roulement g茅n茅ral et pourrait ajuster sa participation dans Oracle en fonction des conditions du march茅.
Silver Elephant Mining Corp. (SILEF) hat am 9. Juni 2025 眉ber die TSX Venture Exchange 4 Millionen Stammaktien von Oracle Commodity Holding Corp. f眉r 100.000 US-Dollar verkauft und damit seinen Anteil reduziert. Vor dem Verkauf hielt Silver Elephant 36,7 Millionen Aktien (35,30% Eigentumsanteil); nach der Transaktion h盲lt es nun 32,7 Millionen Aktien, was einem Anteil von 31,45% auf nicht verw盲sserter Basis und 29,28% auf voll verw盲sserter Basis entspricht. Dies stellt eine Reduzierung des Anteils von Silver Elephant an Oracle um 3,85% dar. Das Unternehmen plant, die Erl枚se f眉r allgemeine Betriebskapitalzwecke zu verwenden und k枚nnte seine Oracle-Beteiligung je nach Marktbedingungen anpassen.
Positive
Generates $100,000 in additional working capital for Silver Elephant
Maintains significant strategic ownership position in Oracle with over 31% stake
Provides flexibility for future investment decisions based on market conditions
Negative
Reduction in ownership stake by 3.85% may indicate decreased confidence in Oracle
Low sale price of $0.025 per share suggests potential undervaluation or market weakness
Dilution of influence over Oracle's operations with reduced ownership percentage
Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that on June 9, 2025, it sold 4,000,000 common shares in the capital of Oracle Commodity Holding Corp. ("Oracle") through the facilities of the TSX Venture Exchange for total consideration of $100,000 (the "Oracle Share Sale").
Prior to the Oracle Share Sale, Silver Elephant held 36,700,110 Oracle common shares, representing approximately 35.30% of Oracle's issued and outstanding common shares. After the Oracle Share Sale, Silver Elephant now holds 32,700,110 Oracle Shares representing approximately 31.45% of Oracle's issued and outstanding common shares on a non-diluted basis and 29.28% on a fully diluted basis. This represents a change of 3.85% in Silver Elephant's shareholdings in Oracle.
Silver Elephant will use the proceeds from the Oracle Share Sale for general working capital purposes. Silver Elephant may from time to time increase or decrease ownership or control of securities of Oracle depending on market conditions and/or other relevant factors.
A copy of the early warning report has been filed on .
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with silver projects in Bolivia.
Further information on Silver Elephant can be found at .
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
CEO and Executive Chairman
For more information about Silver Elephant, please contact Investor Relations: +1.604.569.3661
This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is generally identifiable by use of the words "believes," "may," "plans," "will," "anticipates," "intends," "could", "estimates", "expects", "forecasts", "projects" and similar expressions, and the negative of such expressions. Such forward-looking information, which reflects management's expectations regarding Silver Elephant's future growth, results of operations, performance, business prospects and opportunities, is based on certain factors and assumptions and involves known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking information.
Forward-looking statements involve significant risks and uncertainties, and should not be read as guarantees of future performance, events or results, and may not be indicative of whether such events or results will actually be achieved. A number of risks and other factors could cause actual results to differ materially from expected results discussed in the forward-looking statements, including but not limited to: market conditions; changes in business plans; ability to secure sufficient financing to advance the Company's mining projects; and general economic conditions. Additional risk factors about the Company are set out in its latest annual and interim management's discussion and analysis and annual information form available under the Company's profile on SEDAR at
Forward-looking information is based on reasonable assumptions by management as of the date of this news release, and there can be no assurance that actual results will be consistent with any forward-looking information included herein. Readers are cautioned that all forward-looking statements in this news release are made as of the date of this news release. The Company undertakes no obligation to update or revise any forward-looking information in this news release to reflect circumstances or events that occur after the date of this news release, except as required by applicable securities laws.
To view the source version of this press release, please visit
FAQ
How many Oracle shares did Silver Elephant Mining (SILEF) sell and at what price?
Silver Elephant sold 4 million Oracle common shares at $0.025 per share, totaling $100,000
What is Silver Elephant's current ownership percentage in Oracle after the share sale?
Silver Elephant now owns 31.45% of Oracle's shares on a non-diluted basis and 29.28% on a fully diluted basis
How will Silver Elephant use the proceeds from the Oracle share sale?
The proceeds will be used for general working capital purposes
What was Silver Elephant's ownership percentage in Oracle before the sale?
Before the sale, Silver Elephant held 35.30% of Oracle's issued and outstanding common shares
Will Silver Elephant (SILEF) continue to adjust its Oracle holdings?
The company stated it may increase or decrease its ownership in Oracle depending on market conditions and other relevant factors
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