Silver Elephant Mining Corp. (SILEF) has announced an increase to its previously announced non-brokered private placement, now aiming to raise $220,000 through the sale of 1.1 million units at $0.20 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.30 per share for three years. Company insiders will participate by subscribing for up to 600,000 units ($120,000). The company may pay Finder's Fees of up to 7% in Finder's Units. The private placement requires TSX approval, and securities will have a four-month plus one-day hold period. Proceeds will be used for general corporate purposes.
Silver Elephant Mining Corp. (SILEF) ha annunciato un aumento dell'offerta privata non intermedia precedentemente comunicata, puntando ora a raccogliere 220.000 dollari tramite la vendita di 1,1 milioni di unit脿 a 0,20 dollari ciascuna. Ogni unit脿 comprende un'azione ordinaria e un warrant, con warrant esercitabili a 0,30 dollari per azione per un periodo di tre anni. I dirigenti della societ脿 parteciperanno sottoscrivendo fino a 600.000 unit脿 (120.000 dollari). La societ脿 potr脿 corrispondere commissioni di intermediazione fino al 7% in unit脿 di intermediazione. L'offerta privata richiede l'approvazione della TSX e i titoli avranno un periodo di blocco di quattro mesi pi霉 un giorno. I proventi saranno utilizzati per scopi aziendali generali.
Silver Elephant Mining Corp. (SILEF) ha anunciado un aumento en su colocaci贸n privada no intermediada previamente anunciada, con el objetivo de recaudar ahora 220,000 d贸lares mediante la venta de 1.1 millones de unidades a 0.20 d贸lares por unidad. Cada unidad incluye una acci贸n com煤n y una garant铆a, con garant铆as ejercitables a 0.30 d贸lares por acci贸n durante tres a帽os. Los directivos de la empresa participar谩n suscribiendo hasta 600,000 unidades (120,000 d贸lares). La compa帽铆a podr谩 pagar honorarios de intermediaci贸n de hasta un 7% en unidades de intermediaci贸n. La colocaci贸n privada requiere la aprobaci贸n de la TSX y los valores tendr谩n un per铆odo de retenci贸n de cuatro meses m谩s un d铆a. Los fondos se utilizar谩n para prop贸sitos corporativos generales.
Silver Elephant Mining Corp. (SILEF) a annonc茅 une augmentation de son placement priv茅 non parrain茅 pr茅c茅demment annonc茅, visant d茅sormais 脿 lever 220 000 dollars par la vente de 1,1 million d鈥檜nit茅s 脿 0,20 dollar chacune. Chaque unit茅 comprend une action ordinaire et un bon de souscription, ces derniers 茅tant exer莽ables 脿 0,30 dollar par action pendant trois ans. Les initi茅s de la soci茅t茅 participeront en souscrivant jusqu鈥櫭� 600 000 unit茅s (120 000 dollars). La soci茅t茅 peut verser des frais de recherche pouvant atteindre 7 % en unit茅s de recherche. Le placement priv茅 n茅cessite l鈥檃pprobation de la TSX, et les titres seront soumis 脿 une p茅riode de blocage de quatre mois plus un jour. Les fonds seront utilis茅s 脿 des fins g茅n茅rales d鈥檈ntreprise.
Silver Elephant Mining Corp. (SILEF) hat eine Erh枚hung ihrer zuvor angek眉ndigten nicht vermittelten Privatplatzierung bekannt gegeben und strebt nun an, 220.000 USD durch den Verkauf von 1,1 Millionen Einheiten zu je 0,20 USD zu beschaffen. Jede Einheit umfasst eine Stammaktie und einen Warrant, wobei die Warrants drei Jahre lang zu 0,30 USD pro Aktie ausge眉bt werden k枚nnen. Insider des Unternehmens werden sich durch die Zeichnung von bis zu 600.000 Einheiten (120.000 USD) beteiligen. Das Unternehmen kann Finder's Fees von bis zu 7 % in Finder's Units zahlen. Die Privatplatzierung erfordert die Genehmigung der TSX, und die Wertpapiere unterliegen einer Haltefrist von vier Monaten plus einem Tag. Die Erl枚se werden f眉r allgemeine Unternehmenszwecke verwendet.
Positive
Insider participation of up to $120,000 demonstrates management confidence
Warrants provide potential additional funding at $0.30 per share over three years
Negative
Small offering size of only $220,000 may not provide significant working capital
Potential dilution for existing shareholders
Offering price of $0.20 per unit may reflect current market weakness
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 it proposes to amend the terms of the non-brokered private placement (the "Private Placement") announced earlier today. The Private Placement will be increased to raise gross proceeds of $220,000 through the sale of 1,100,000 units (the "Units") at a price of $0.20 per unit. Each unit consists of one common share of the Company (a "Share") and one share purchase warrant (a "Warrant") with each warrant entitling the holder to purchase one additional Share at a price of $0.30 per Share for a period of three years from issuance.
A Finder's Fees of up to 7% Finder's Units may be payable. Each Finder's Unit will consist of one common share of the Company and one non-transferable share purchase warrant with each warrant entitling the holder to purchase one additional share of the Company at a price of $0.30 per share for three years.
Company insiders will be subscribing for up to 600,000 Units for gross proceeds of up to $120,000. The issuance of Units to the insiders will be considered a related party transaction within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relies on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(a) of MI 61-101 on the basis that the insiders' participation in the Private Placement will not exceed 25% of the fair market value of the Company's market capitalization. The Company will file a material change report in respect of the related party transaction.
The securities issued under the Private Placement will be subject to a regulatory hold period of four months plus one day from the date of issue. Proceeds of the Private Placement are expected to be used for general corporate purposes.
The Private Placement is subject to approval by the Toronto Stock Exchange ("TSX").
About Silver Elephant Mining Corp.
Silver Elephant is a mineral exploration company with gold and 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 information in this news release includes the use of proceeds raised from the Private Placement.
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
What is the size and price of Silver Elephant Mining's (SILEF) private placement?
Silver Elephant Mining's private placement aims to raise $220,000 by selling 1.1 million units at $0.20 per unit.
How much are SILEF insiders participating in the private placement?
Company insiders will subscribe for up to 600,000 units, representing $120,000 of the total $220,000 private placement.
What are the warrant terms in SILEF's private placement?
Each warrant allows the purchase of one additional share at $0.30 per share for a period of three years from issuance.
How will Silver Elephant Mining use the proceeds from the private placement?
The proceeds from the private placement will be used for general corporate purposes.
What is the hold period for securities issued in SILEF's private placement?
The securities will have a regulatory hold period of four months plus one day from the date of issue.
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