Silver Elephant Announces Appointment of Chief Financial Officer

Rhea-AI Summary

Silver Elephant Mining Corp. has announced the appointment of Zula Kropivnitski as its new Chief Financial Officer, succeeding Irina Plavutska, who retires after 11 years but will continue as a consultant.

Kropivnitski brings over ten years of financial reporting experience, having previously served as CFO at Abraplata Resource Corp. and Financial Controller at Sacre-Coeur Minerals Ltd. The company also received TSX approval for an extension of its Annual General Meeting, now scheduled for August 11, 2022, at 9:30 a.m. PST.

Positive

• Appointment of Zula Kropivnitski as CFO may bring fresh perspectives and expertise.
• Kropivnitski has significant experience in financial reporting with public companies.

Negative

• Transitioning leadership may cause temporary disruptions in financial management.
• Irina Plavutska's retirement could lead to continuity concerns given her long tenure.

VANCOUVER, BC / ACCESSWIRE / June 21, 2022 / Silver Elephant Mining Corp. ("Silver Elephant" or "the Company") (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to announce the appointment of Zula Kropivnitski (CPA, CGA and ACCA) as its Chief Financial Officer, replacing Irina Plavutska, who provided notice of her retirement. Ms. Plavutska will remain as a consultant to the Company and the Company would like to thank Ms. Plavutska for her eleven years of dedicated service.

Ms. Kropivnitski has over ten years of experience in financial reporting with public companies listed on Canadian and US stock exchanges in the resource and technology sectors. Notable positions include CFO with Abraplata Resource Corp. from 2016 to 2019, and Financial Controller with Sacre-Coeur Minerals Ltd. from 2008 to 2011. Ms. Kropivnitski received her Chartered Professional Accountant designation from the Certified General Accountants Association of British Columbia, Canada and later obtained her ACCA designation from the Association of Chartered Certified Accountants of UK.

Silver Elephant also announces the receipt of TSX approval for its request to extend its Annual General Meeting. The Company will hold its Annual General Meeting of Shareholders on August 11, 2022 at 9:30 a.m. PST.

About Silver Elephant

Silver Elephant Mining Corp. is a premier silver mining and exploration company which also owns 100% of Mega Thermal Coal Corp, and 39% of Battery Metals Royalties Corp.

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 Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Silver Elephant Mining Corp.

View source version on accesswire.com:
https://www.accesswire.com/705980/Silver-Elephant-Announces-Appointment-of-Chief-Financial-Officer

FAQ

What is the significance of Zula Kropivnitski's appointment as CFO of Silver Elephant Mining Corp.?

Zula Kropivnitski's appointment is significant as she brings over ten years of experience in financial reporting, which may enhance the company's financial strategy.

Why did Irina Plavutska retire as CFO of Silver Elephant Mining Corp.?

Irina Plavutska retired after 11 years of service and will continue to support the company as a consultant.

What are the implications of the delayed Annual General Meeting for Silver Elephant Mining Corp.?

The delayed AGM, now set for August 11, 2022, provides more time for shareholders to prepare, ensuring smoother governance.

How might the change in CFO affect Silver Elephant Mining Corp.'s financial performance?

The new CFO's fresh leadership and experience could impact financial performance positively, but potential disruptions during the transition could pose risks.