Silver Elephant Closes 2nd and Final Tranche of Non-Brokered Private Placement Raising Gross Proceeds of $135,000
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) has completed the second and final tranche of its non-brokered private placement, raising $135,000 through the sale of 900,000 units at $0.15 per unit. Each unit includes one common share and one warrant, allowing purchase of an additional share at $0.30 for three years.
CEO John Lee subscribed for 400,000 units ($60,000). The company paid Canaccord Genuity Corp. a finder's fee of 21,000 units. Securities are subject to a four-month plus one-day regulatory hold period. The company will use proceeds for general corporate purposes.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) ha completato la seconda e ultima tranche del suo collocamento privato non mediato, raccogliendo 135.000 dollari attraverso la vendita di 900.000 unità a 0,15 dollari per unità. Ogni unità include un'azione ordinaria e un warrant, che consente l'acquisto di un'azione aggiuntiva a 0,30 dollari per tre anni.
Il CEO John Lee ha sottoscritto 400.000 unità (60.000 dollari). L'azienda ha pagato a Canaccord Genuity Corp. una commissione di intermediazione di 21.000 unità. I titoli sono soggetti a un periodo di blocco regolamentare di quattro mesi e un giorno. L'azienda utilizzerà i proventi per scopi aziendali generali.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) ha completado la segunda y última fase de su colocación privada no intermediada, recaudando 135.000 dólares a través de la venta de 900.000 unidades a 0,15 dólares por unidad. Cada unidad incluye una acción ordinaria y un warrant, que permite la compra de una acción adicional a 0,30 dólares durante tres años.
El CEO John Lee suscribió 400.000 unidades (60.000 dólares). La empresa pagó a Canaccord Genuity Corp. una comisión de 21.000 unidades. Los valores están sujetos a un período de retención regulatoria de cuatro meses y un día. La empresa utilizará los ingresos para fines corporativos generales.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF)는 중개인 없이 진행된 사모 배정의 두 번째이자 마지막 단계가 완료되어 900,000개의 유닛을 주당 0.15달러에 판매하여 135,000달러를 모금했습니다. 각 유닛은 하나의 보통주와 하나의 워런트를 포함하며, 이를 통해 3년 동안 0.30달러에 추가 주식을 구매할 수 있습니다.
CEO John Lee는 400,000 유닛(60,000달러)을 구입했습니다. 회사는 Canaccord Genuity Corp.에 21,000 유닛의 중개 수수료를 지급했습니다. 증권은 4개월 + 1일의 규제 보유 기간이 적용됩니다. 회사는 수익금을 일반 기업 목적에 사용할 것입니다.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) a complété la deuxième et dernière tranche de son placement privé non intermédiaire, levant 135 000 dollars grâce à la vente de 900 000 unités à 0,15 dollar par unité. Chaque unité comprend une action ordinaire et un bon de souscription, permettant l'achat d'une action supplémentaire à 0,30 dollar pendant trois ans.
Le PDG John Lee a souscrit 400 000 unités (60 000 dollars). La société a versé à Canaccord Genuity Corp. une commission de 21 000 unités. Les titres sont soumis à une période de blocage réglementaire de quatre mois plus un jour. La société utilisera les produits pour des besoins généraux d'entreprise.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) hat die zweite und letzte Tranche seiner nicht vermittelten Privatplatzierung abgeschlossen und 135.000 US-Dollar durch den Verkauf von 900.000 Einheiten zu je 0,15 US-Dollar pro Einheit gesammelt. Jede Einheit umfasst eine Stammaktie und ein Warrant, der den Kauf einer zusätzlichen Aktie zu 0,30 US-Dollar für drei Jahre ermöglicht.
CEO John Lee hat 400.000 Einheiten (60.000 US-Dollar) gezeichnet. Das Unternehmen zahlte Canaccord Genuity Corp. eine Vermittlungsgebühr von 21.000 Einheiten. Die Wertpapiere unterliegen einer Regulierungsfrist von vier Monaten und einem Tag. Das Unternehmen wird die Erlöse für allgemeine Unternehmenszwecke verwenden.
- Successful completion of private placement raising $135,000 in additional capital
- CEO participation showing insider confidence with $60,000 investment
- Small financing amount of only $135,000 indicates capital raise
- Potential dilution from warrant exercise at $0.30 per share
Vancouver, British Columbia--(Newsfile Corp. - February 19, 2025) - Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) (FSE:1P2) ("Silver Elephant" or the "Company") announces that, further to its news release dated January 16, 2025, January 27, 2025 and January 30, 2025, 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 400,000 Units for gross proceeds of
The Company paid a finder's fee to Canaccord Genuity Corp. in connection with the second tranche of the Private Placement by way of issuance of 21,000 Units. The Finder's Units will have the same terms as the Units.
Proceeds of the Private Placement are expected to be used for general corporate purposes.
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"
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
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 includes the expected gross proceeds of the Private Placement, use of proceeds raised from the Private Placement.
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/241574
FAQ
How much did Silver Elephant Mining (SILEF) raise in its latest private placement?
What are the terms of SILEF's February 2025 private placement warrants?
How many units did SILEF's CEO John Lee purchase in the private placement?
What is the lock-up period for SILEF's February 2025 private placement securities?
How will SILEF use the proceeds from its February 2025 private placement?
