Silver Elephant Increases Non-Brokered Private Placement to $420,000 and Closes First Tranche for $330,000
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) has expanded its non-brokered private placement to $420,000, up from its previous announcement on January 16, 2025. The placement consists of 2,800,000 units priced at $0.15 per unit. Each unit includes one common share and one warrant, with warrants exercisable at $0.30 per share for three years.
The company has successfully closed the first tranche, raising $330,000 through the sale of 2,200,000 units. A finder's fee was paid to Canaccord Genuity Corp. through the issuance of 119,000 units. The securities issued will have a four-month plus one day regulatory hold period, and proceeds will be used for general corporate purposes.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) ha ampliato la sua offerta privata non mediata a $420,000, rispetto all'annuncio precedente del 16 gennaio 2025. L'offerta consiste in 2.800.000 unità, ciascuna al prezzo di $0,15. Ogni unità include un'azione comune e un warrant, con warrant esercitabili a $0,30 per azione per un periodo di tre anni.
La società ha chiuso con successo il primo tranche, raccogliendo $330,000 tramite la vendita di 2.200.000 unità. È stata pagata una commissione all'agente Canaccord Genuity Corp. attraverso l'emissione di 119.000 unità. I titoli emessi avranno un periodo di blocco regolamentare di quattro mesi più un giorno, e i proventi saranno utilizzati per finalità aziendali generali.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) ha ampliado su colocación privada no mediada a $420,000, en comparación con su anuncio anterior del 16 de enero de 2025. La colocación consiste en 2,800,000 unidades a un precio de $0.15 por unidad. Cada unidad incluye una acción común y una opción de compra, con opciones ejercitables a $0.30 por acción durante tres años.
La compañía ha cerrado con éxito la primera etapa, recaudando $330,000 mediante la venta de 2,200,000 unidades. Se pagó una comisión a Canaccord Genuity Corp. a través de la emisión de 119,000 unidades. Los valores emitidos tendrán un período de retención regulatoria de cuatro meses más un día, y los ingresos se utilizarán para fines corporativos generales.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF)는 비중개 사모 배치를 $420,000으로 확대했습니다. 이는 2025년 1월 16일 발표된 이전 금액에서 증가한 것입니다. 이번 배치는 각 단가가 $0.15인 2,800,000 개의 유닛으로 구성되어 있습니다. 각 유닛에는 하나의 보통주와 하나의 워런트가 포함되어 있으며, 워런트는 주당 $0.30에 3년간 행사할 수 있습니다.
회사는 2,200,000 유닛의 판매를 통해 $330,000를 모금하며 첫 번째 트랜치를 성공적으로 마감했습니다. Canaccord Genuity Corp.에 수수료로 119,000 유닛을 발행했습니다. 발행된 증권은 4개월 plus 1일의 규제 보유 기간을 가지며, 수익금은 일반 기업 운영을 위해 사용됩니다.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) a élargi son placement privé non-intermédié à $420,000, contre son annonce précédente du 16 janvier 2025. Le placement se compose de 2 800 000 unités au prix de 0,15 $ par unité. Chaque unité comprend une action ordinaire et un warrant, les warrants pouvant être exercés à 0,30 $ par action pendant trois ans.
L'entreprise a réussi à finaliser la première tranche, levant $330,000 grâce à la vente de 2 200 000 unités. Une commission a été versée à Canaccord Genuity Corp. par l'émission de 119 000 unités. Les titres émis auront une période de blocage réglementaire de quatre mois plus un jour, et les revenus seront utilisés à des fins entreprises générales.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) hat ihre nicht vermittelte Privatplatzierung auf $420,000 erhöht, im Vergleich zur vorherigen Ankündigung vom 16. Januar 2025. Die Platzierung besteht aus 2.800.000 Einheiten, die zu einem Preis von $0,15 pro Einheit angeboten werden. Jede Einheit enthält eine Stammaktie und einen Warrant, wobei Warrants zu $0,30 pro Aktie für drei Jahre ausgeübt werden können.
Das Unternehmen hat die erste Tranche erfolgreich abgeschlossen und $330,000 durch den Verkauf von 2.200.000 Einheiten gesammelt. Eine Vermittlungsgebühr wurde an Canaccord Genuity Corp. durch die Ausgabe von 119.000 Einheiten gezahlt. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen plus einem Tag dauernden regulatorischen Haltefrist, und die Erlöse werden für allgemeine Unternehmenszwecke verwendet.
- Successfully raised $330,000 in first tranche of private placement
- Increased total placement size to $420,000 from original plan
- Three-year warrant term provides extended funding flexibility
- Potential dilution for existing shareholders through new share issuance
- Additional dilution from finder's fee units issued to Canaccord
Vancouver, British Columbia--(Newsfile Corp. - January 27, 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, it has increased the size of the private placement (the "Private Placement") to 2,800,000 units (the "Units") for aggregate gross proceeds of
The Company further announces that it has closed the first tranche of the Private Placement raising 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.
The Company paid a finder's fee to Canaccord Genuity Corp. in connection with the first tranche of the Private Placement by way of issuance of 119,000 Units.
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/238648
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