Silver Elephant Announces Non-Brokered Private Placement Total $300,000
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) has announced a non-brokered private placement to raise $300,000 through the sale of 2,000,000 units at $0.15 per unit. Each unit includes one common share and one share purchase warrant, allowing holders to purchase an additional share at $0.30 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 ($60,000). Securities will have a four-month plus one day regulatory hold period. The proceeds will be used for general corporate purposes, pending Toronto Stock Exchange approval.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) ha annunciato un collocamento privato non intermediato per raccogliere 300.000 dollari attraverso la vendita di 2.000.000 di unità a 0,15 dollari per unità. Ogni unità include una azione comune e un warrant di acquisto di azioni, che consente ai titolari di acquistare un'ulteriore azione a 0,30 dollari per tre anni.
Il collocamento prevede una Commissione per il Trovatori fino al 7% in contante o in unità. Un direttore dell'azienda acquisterà 400.000 unità (60.000 dollari). I titoli avranno un periodo di blocco normativo di quattro mesi più un giorno. I proventi saranno utilizzati per scopi aziendali generali, in attesa dell'approvazione della Borsa di Toronto.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) ha anunciado un colocación privada no intermediada para recaudar $300,000 a través de la venta de 2,000,000 unidades a $0.15 por unidad. Cada unidad incluye una acción ordinaria y una opción de compra de acciones, que permite a los titulares comprar una acción adicional a $0.30 durante tres años.
El colocación incluye una Comisión de Encuentro de hasta el 7% en efectivo o unidades. Un director de la empresa suscribirá 400,000 unidades ($60,000). Los valores tendrán un periodo de retención regulatoria de cuatro meses más un día. Los ingresos se utilizarán para fines corporativos generales, a la espera de la aprobación de la Bolsa de Valores de Toronto.
실버 일레펀트 마이닝 코퍼레이션 (TSX: ELEF) (OTCQB: SILEF)는 3만 달러를 모으기 위해 2,000,000 유닛을 유닛당 0.15달러에 판매하는 비중개 민간 배치를 발표했습니다. 각 유닛은 하나의 보통주와 하나의 주식 구매 권리를 포함하고 있으며, 보유자는 추가 주식을 0.30달러로 3년 동안 구매할 수 있습니다.
이번 배치에는 최대 7%의 현금 또는 유닛으로 지급되는 파인더 수수료가 포함되어 있습니다. 회사 이사는 400,000 유닛(60,000달러)을 구입할 예정입니다. 증권은 4개월과 1일의 규제 보류 기간이 있습니다. 수익은 토론토 증권 거래소의 승인을 기다리면서 일반적인 회사 용도로 사용될 것입니다.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) a annoncé un placement privé non intermédié pour lever 300 000 $ par la vente de 2 000 000 d'unités au prix de 0,15 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription d'actions, permettant aux détenteurs d'acheter une action supplémentaire à 0,30 $ pendant trois ans.
Le placement inclut une Commission de Découverte allant jusqu'à 7 % en espèces ou en unités. Un directeur de l'entreprise souscrira pour 400 000 unités (60 000 $). Les titres auront une période de blocage règlementaire de quatre mois plus un jour. Les produits seront utilisés à des fins générales de l'entreprise, en attente de l'approbation de la Bourse de Toronto.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) hat eine nicht vermittelte Privatplatzierung angekündigt, um 300.000 US-Dollar durch den Verkauf von 2.000.000 Einheiten zu einem Preis von 0,15 US-Dollar pro Einheit zu sammeln. Jede Einheit besteht aus einer Stammaktie und einem Kaufwarrant, der den Inhabern das Recht gibt, eine zusätzliche Aktie zu 0,30 US-Dollar für drei Jahre zu erwerben.
Die Platzierung umfasst eine Finder-Provision von bis zu 7 % in bar oder in Einheiten. Ein Unternehmensdirektor wird 400.000 Einheiten (60.000 US-Dollar) zeichnen. Die Wertpapiere unterliegen einer gesetzlichen Haltedauer von vier Monaten und einem Tag. Die Erlöse sollen für allgemeine Unternehmenszwecke verwendet werden, vorbehaltlich der Genehmigung der Toronto Stock Exchange.
- Raising additional $300,000 in capital through private placement
- Insider participation with director investing $60,000 demonstrates management confidence
- Potential dilution for existing shareholders through issuance of 2,000,000 new units
- Additional dilution possible through warrant exercise at $0.30 per share
- Up to 7% finder's fees will reduce net proceeds from the offering
Vancouver, British Columbia--(Newsfile Corp. - January 16, 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
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.
A Finder's Fees of up to
A Director of the Company will be subscribing for 400,000 Units for gross proceeds of
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 the Paca silver project and Triunfo gold project 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
FORWARD-LOOKING INFORMATION
Certain statements contained in this news release, including statements which may contain words such as "expects", "anticipates", "intends", "plans", "believes", "estimates", or similar expressions, and statements related to matters which are not historical facts, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements, which reflect management's expectations regarding the Company's future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve 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 statements. 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 statements are 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 statements 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 statements 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/237392
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