Silver Elephant Announces a $300,000 Non-Brokered Private Placement
Silver Elephant Mining Corp (OTCQB: SILEF) has announced a non-brokered private placement to raise $300,000 through the sale of 1.5 million units at $0.20 per unit. Each unit includes one common share and one share purchase warrant, with warrants exercisable at $0.30 per share for three years.
The placement includes a Finder's Fee of up to 7% cash or Units. A company Director will subscribe for 400,000 units ($80,000), constituting a related party transaction under MI 61-101. The company is exempt from formal valuation and minority shareholder approval requirements as the Director's participation won't exceed 25% of market capitalization.
Securities issued will have a four-month plus one-day regulatory hold period. Proceeds will be used for general corporate purposes, subject to TSX approval.
Silver Elephant Mining Corp (OTCQB: SILEF) ha annunciato un collocamento privato non intermediazione per raccogliere $300.000 attraverso la vendita di 1,5 milioni di unità a $0,20 per unità. Ogni unità comprende una azione ordinaria e un warrant per l'acquisto di azioni, con warrants esercitabili a $0,30 per azione per tre anni.
Il collocamento include una commissione per il Finder fino al 7% in contante o in unità. Un Direttore della società sottoscriverà 400.000 unità ($80.000), costituendo una transazione con parti correlate ai sensi della MI 61-101. La società è esente dai requisiti di valutazione formale e di approvazione degli azionisti di minoranza poiché la partecipazione del Direttore non supererà il 25% della capitalizzazione di mercato.
I titoli emessi avranno un periodo di blocco regolamentare di quattro mesi più un giorno. I proventi saranno utilizzati per scopi aziendali generali, soggetti all'approvazione della TSX.
Silver Elephant Mining Corp (OTCQB: SILEF) ha anunciado una colocación privada no intermediada para recaudar $300,000 a través de la venta de 1.5 millones de unidades a $0.20 por unidad. Cada unidad incluye una acción ordinaria y un warrant de compra de acciones, con warrants ejercitables a $0.30 por acción durante tres años.
La colocación incluye una tarifa de buscador de hasta el 7% en efectivo o unidades. Un Director de la empresa suscribirá 400,000 unidades ($80,000), constituyendo una transacción con partes relacionadas bajo la MI 61-101. La empresa está exenta de los requisitos de valoración formal y de aprobación de accionistas minoritarios, ya que la participación del Director no superará el 25% de la capitalización de mercado.
Los valores emitidos tendrán un período de retención regulatoria de cuatro meses más un día. Los ingresos se utilizarán para fines corporativos generales, sujetos a la aprobación de la TSX.
실버 엘리펀트 마이닝 주식회사 (OTCQB: SILEF)는 중개인 없이 비공식 사모를 통해 $300,000을 모금하기 위해 150만 개의 단위를 개당 $0.20에 판매한다고 발표했습니다. 각 단위는 하나의 보통주와 하나의 주식 매수권을 포함하며, 매수권은 주당 $0.30에 3년 동안 행사 가능합니다.
이번 사모에는 최대 7%의 현금 또는 단위로 찾기 수수료가 포함됩니다. 회사의 이사가 400,000 단위($80,000)를 구독할 예정이며, 이는 MI 61-101에 따른 관련자 거래를 구성합니다. 이사의 참여가 시장 자본의 25%를 초과하지 않기 때문에 회사는 공식 평가 및 소수주주 승인 요구 사항에서 면제됩니다.
발행된 증권은 4개월과 1일의 규제 보유 기간이 있습니다. 수익금은 TSX 승인을 조건으로 일반 기업 목적에 사용될 것입니다.
Silver Elephant Mining Corp (OTCQB: SILEF) a annoncé un placement privé non intermédiaire pour lever $300,000 par la vente de 1,5 million d'unités à 0,20 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription d'actions, avec des bons exerçables à 0,30 $ par action pendant trois ans.
Le placement inclut des frais de recherche allant jusqu'à 7 % en espèces ou en unités. Un directeur de la société souscrira 400 000 unités (80 000 $), constituant une transaction entre parties liées au sens de la MI 61-101. La société est exemptée des exigences d'évaluation formelle et d'approbation des actionnaires minoritaires, car la participation du directeur ne dépassera pas 25 % de la capitalisation boursière.
Les titres émis auront une période de blocage réglementaire de quatre mois plus un jour. Les produits seront utilisés à des fins d'entreprise générales, sous réserve de l'approbation de la TSX.
Silver Elephant Mining Corp (OTCQB: SILEF) hat eine nicht vermittelte Privatplatzierung angekündigt, um $300.000 durch den Verkauf von 1,5 Millionen Einheiten zu einem Preis von $0,20 pro Einheit zu beschaffen. Jede Einheit umfasst eine Stammaktie und einen Aktienkauf-Warrant, wobei die Warrants für drei Jahre zu $0,30 pro Aktie ausgeübt werden können.
Die Platzierung umfasst eine Findergebühr von bis zu 7% in bar oder Einheiten. Ein Direktor des Unternehmens wird 400.000 Einheiten ($80.000) zeichnen, was eine Transaktion mit nahestehenden Personen gemäß MI 61-101 darstellt. Das Unternehmen ist von den Anforderungen an eine formelle Bewertung und die Genehmigung durch Minderheitsaktionäre befreit, da die Beteiligung des Direktors 25% der Marktkapitalisierung nicht überschreiten wird.
Die ausgegebenen Wertpapiere unterliegen einer regulatorischen Haltedauer von vier Monaten plus einem Tag. Die Erlöse werden für allgemeine Unternehmenszwecke verwendet, vorbehaltlich der Genehmigung durch die TSX.
- Director shows confidence by participating with $80,000 investment
- Small financing amount of only $300,000 indicates funding
- Potential dilution from 1.5 million new units plus finder's fees
- 25% discount to warrant exercise price suggests weak pricing power
Vancouver, British Columbia--(Newsfile Corp. - April 1, 2025) - 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
A Finder's Fees of up to
A Director of the Company will be subscribing for 400,000 Units for gross proceeds of
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 www.silverelef.com.
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 ext. 101
info@silverelef.com
www.silverelef.com
FORWARD-LOOKING INFORMATION
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 include the expected gross proceeds of the Private Placement, use of proceeds raised from the Private Placement, and the participation and by certain insiders who are directors of the Company in the Private Placement and the amount of such participation.
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; ability to complete the financing; 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 www.sedarplus.ca.
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 https://www.newsfilecorp.com/release/246580
FAQ
What are the terms of Silver Elephant Mining's (SILEF) private placement announced in April 2025?
How much insider participation is there in SILEF's $300,000 private placement?
What is the lock-up period for SILEF's April 2025 private placement shares?
What are the finder's fees for Silver Elephant's (SILEF) private placement?
