Silver Elephant Announces $490,000 Non-Brokered Private Placement and Appoints Chief Legal Officer
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) announces a non-brokered private placement to raise $490,000 through the sale of 1,000,000 units at $0.49 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.55 for three years. CEO John Lee will subscribe for 500,000 units ($245,000). Proceeds will be used for general corporate purposes.
The company also appoints Alex Bayer as Chief Legal Officer, effective October 2, 2024. Bayer, a corporate securities lawyer with over 15 years of experience in the mining sector, will lead all legal matters for Silver Elephant. Additionally, Sara Knappe is appointed as Corporate Secretary, replacing Marion McGrath.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) annuncia un collocamento privato non intermediato per raccogliere $490,000 attraverso la vendita di 1.000.000 di unità a $0,49 per unità. Ogni unità include un'azione comune e un warrant, con warrants esercitabili a $0,55 per tre anni. Il CEO John Lee sottoscriverà 500.000 unità ($245.000). Il ricavato sarà utilizzato per scopi corporativi generali.
L'azienda nomina inoltre Alex Bayer come Chief Legal Officer, con effetto dal 2 ottobre 2024. Bayer, avvocato specializzato in titoli societari con oltre 15 anni di esperienza nel settore minerario, guiderà tutte le questioni legali per Silver Elephant. Inoltre, Sara Knappe è nominata Segretaria Aziendale, sostituendo Marion McGrath.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) anuncia una colocación privada no intermediada para recaudar $490,000 a través de la venta de 1.000.000 de unidades a $0,49 por unidad. Cada unidad incluye una acción común y un warrant, con warrants que se pueden ejercer a $0,55 durante tres años. El CEO John Lee suscribirá 500.000 unidades ($245.000). Los ingresos se utilizarán para fines corporativos generales.
La empresa también nombra a Alex Bayer como Director Legal, con efecto a partir del 2 de octubre de 2024. Bayer, un abogado especializado en valores corporativos con más de 15 años de experiencia en el sector minero, liderará todos los asuntos legales de Silver Elephant. Además, Sara Knappe es nombrada Secretaria Corporativa, reemplazando a Marion McGrath.
실버 코끼리 마이닝 코퍼레이션(Silver Elephant Mining Corp.)(TSX: ELEF)(OTCQB: SILEF)은 중개인 없는 사모 배정을 발표하여 1,000,000 유닛을 개당 $0.49에 판매하여 총 $490,000를 모금할 계획입니다. 각 유닛은 일반 주식 1주 및 3년 동안 $0.55에 행사 가능한 워런트를 포함합니다. CEO인 존 리(John Lee)는 500,000 유닛($245,000)에 가입할 예정입니다. 수익금은 일반 기업 목적에 사용될 것입니다.
회사는 또한 알렉스 베이어(Alex Bayer)를 법률 최고 책임자(Chief Legal Officer)로 임명하며, 임기는 2024년 10월 2일부터 시작됩니다. Bayer는 15년 이상의 광업 분야 경험을 가진 기업 증권 변호사로서 Silver Elephant의 모든 법적 문제를 이끌 것입니다. 추가로, 사라 크나페(Sara Knappe)는 마리온 맥그래스(Marion McGrath)를 대신하여 기업 비서로 임명됩니다.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) annonce un placement privé sans intermédiaire pour lever 490 000 $ par la vente de 1 000 000 d'unités au prix de 0,49 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, avec des bons exerçables à 0,55 $ pendant trois ans. Le PDG John Lee souscrira à 500 000 unités (245 000 $). Les produits seront utilisés à des fins d'entreprise générales.
L'entreprise nomme également Alex Bayer en tant que Responsable juridique, à compter du 2 octobre 2024. Bayer, avocat spécialisé en valeurs mobilières avec plus de 15 ans d'expérience dans le secteur minier, sera responsable de toutes les questions juridiques de Silver Elephant. De plus, Sara Knappe est désignée comme Secrétaire générale, remplaçant Marion McGrath.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) kündigt eine nicht vermittelte Privatplatzierung an, um $490,000 durch den Verkauf von 1.000.000 Einheiten zu einem Preis von $0,49 pro Einheit zu sammeln. Jede Einheit umfasst eine Stammaktie und einen Warrant, der für drei Jahre zu $0,55 ausgeübt werden kann. CEO John Lee wird 500.000 Einheiten ($245.000) zeichnen. Die Erlöse werden für allgemeine Unternehmenszwecke verwendet.
Das Unternehmen ernennt außerdem Alex Bayer zum Chief Legal Officer, wirksam ab dem 2. Oktober 2024. Bayer, ein Unternehmensanwalt mit über 15 Jahren Erfahrung im Bergbausektor, wird alle rechtlichen Angelegenheiten für Silver Elephant leiten. Darüber hinaus wird Sara Knappe zur Unternehmenssekretärin ernannt und ersetzt damit Marion McGrath.
- Private placement to raise $490,000 for general corporate purposes
- CEO John Lee subscribing for $245,000 worth of units, showing insider confidence
- Appointment of experienced Chief Legal Officer with mining sector expertise
- Potential dilution of existing shareholders due to private placement
Vancouver, British Columbia--(Newsfile Corp. - October 7, 2024) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that it proposes to undertake a non-brokered private placement (the "Private Placement") to raise gross proceeds of
The securities issued as part of 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.
John Lee, CEO and a Director of the Company, will be subscribing for 500,000 Units for gross proceeds of
The Private Placement is subject to approval by the Toronto Stock Exchange ("TSX").
The Company is also pleased to announce the appointment of Alex Bayer as its Chief Legal Officer, to lead all legal matters for the Company, effective as of October 2, 2024.
Alex is a seasoned corporate securities lawyer with over 15 years of experience, specializing in the mining sector. He has extensive expertise in advising mining companies on a wide range of matters, including public and private financings, mergers and acquisitions, regulatory compliance, and corporate governance. Known for a deep understanding of securities laws and the unique challenges of the mining industry, Alex has successfully guided companies through complex transactions and strategic initiatives, including bringing mines into commercial production, while ensuring legal and regulatory requirements are met.
Mr. Bayer's engagement as Chief Legal Officer is through his consulting company, Bayer Law Corporation.
The Company also appoints Sara Knappe as Corporate Secretary to replace Ms. Marion McGrath. The Company would like to thank Ms. McGrath for her valuable contributions during her tenure with the Company.
About Silver Elephant Mining Corp.
Silver Elephant is a silver mining company, with its flagship Pulacayo-Paca silver project in production since October 2023 in Bolivia.
Further information on Silver Elephant can be found at www.silverelef.com.
SILVER ELEPHANT MINING CORP.
ON BEHALF OF THE BOARD
"John Lee"
Executive Chairman
For more information about Silver Elephant, please contact Investor Relations:
+1.604.569.3661 ext. 101
info@silverelef.com
www.silverelef.com
Neither the TSX nor its Regulation Services Provider (as that term is defined in policies of the TSX) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225776
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