Silver Elephant Closes 2nd and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $291,550
Silver Elephant Mining has completed the second and final tranche of its non-brokered private placement, raising $291,550 through the sale of 595,000 units at $0.49 per unit. Each unit includes one common share and one warrant, allowing purchase of an additional share at $0.55 for three years. CEO John Lee subscribed for 500,000 units ($245,000). The securities have a four-month plus one-day regulatory hold period. No finder's fees were paid for this tranche, and proceeds will be used for general corporate purposes.
Silver Elephant Mining ha completato la seconda e ultima tranche della sua collocazione privata non mediata, raccogliendo $291.550 attraverso la vendita di 595.000 unità a $0,49 per unità. Ogni unità include un'azione ordinaria e un warrant, che consente l'acquisto di un'ulteriore azione a $0,55 per tre anni. Il CEO John Lee ha sottoscritto 500.000 unità ($245.000). I titoli hanno un periodo di blocco regolatorio di quattro mesi più un giorno. Non sono state pagate commissioni per questa tranche e il ricavato sarà utilizzato per scopi aziendali generali.
Silver Elephant Mining ha completado la segunda y última tranche de su colocación privada no mediada, recaudando $291,550 a través de la venta de 595,000 unidades a $0.49 por unidad. Cada unidad incluye una acción común y un warrant, que permite la compra de una acción adicional a $0.55 durante tres años. El CEO John Lee suscribió 500,000 unidades ($245,000). Los valores tienen un período de bloqueo regulatorio de cuatro meses más un día. No se pagaron comisiones por esta tranche y los ingresos se utilizarán para fines corporativos generales.
실버 엘리펀트 마이닝은 중개인이 없는 사모 설계의 두 번째이자 마지막 트랜치를 완료하였으며, 595,000 유닛을 유닛당 $0.49에 판매하여 총 $291,550를 조달했습니다. 각 유닛은 하나의 보통주와 함께 추가 주식을 $0.55에 구매할 수 있는 워런트를 포함하고 있으며, 이는 3년 동안 유효합니다. CEO인 존 리는 500,000 유닛($245,000)에 가입했습니다. 이 증권은 4개월 1일의 규제 보유 기간이 있습니다. 이번 트랜치에 대해 파인더스 수수료는 지급되지 않았으며, 수익금은 일반 기업 용도로 사용될 예정입니다.
Silver Elephant Mining a complété la deuxième et dernière tranche de son placement privé sans intermédiaire, levant $291,550 grâce à la vente de 595 000 unités à 0,49 $ par unité. Chaque unité comprend une action ordinaire et un bon de souscription, permettant d'acheter une action supplémentaire à 0,55 $ pendant trois ans. Le PDG John Lee a souscrit 500 000 unités (245 000 $). Les titres ont une période de blocage réglementaire de quatre mois plus un jour. Aucune commission d'apporteur d'affaires n'a été versée pour cette tranche et les produits seront utilisés à des fins d'entreprise générales.
Silver Elephant Mining hat die zweite und letzte Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und $291.550 durch den Verkauf von 595.000 Einheiten zu je $0,49 pro Einheit eingenommen. Jede Einheit umfasst eine Stammaktie und eine Optionsschein, die den Kauf einer zusätzlichen Aktie zu $0,55 für drei Jahre ermöglicht. CEO John Lee hat 500.000 Einheiten ($245.000) gezeichnet. Die Wertpapiere haben eine regulatorische Haltedauer von vier Monaten plus einem Tag. Es wurden keine Vermittlungsgebühren für diese Tranche gezahlt, und die Erlöse werden für allgemeine Unternehmenszwecke verwendet.
- Successfully raised $291,550 in additional capital
- CEO demonstrates confidence in company through $245,000 personal investment
- Dilutive effect on existing shareholders through issuance of new shares
- 84% of placement concentrated with single insider (CEO)
Vancouver, British Columbia--(Newsfile Corp. - November 4, 2024) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE: 1P2) ("Silver Elephant" or the "Company") announces that, further to its news release dated October 7, 2024, it has closed the second and final tranche of its non-brokered private placement (the "Private Placement") raising gross proceeds of
Each unit consists of one common share of the Company ("Share") and one share purchase warrant with each warrant (the "Warrant") entitling the holder to purchase one additional Share at a price 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.
John Lee, CEO and a Director of the Company (the "Insider") subscribed for 500,000 Units for gross proceeds of
No finder's fees were paid in connection with the 2nd tranche of this Private Placement.
Proceeds of the Private Placement are expected to be used for general corporate purposes.
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.
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/228866
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