Silver Elephant Increases Non-Brokered Private Placement to $465,000
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) has increased its non-brokered private placement to raise gross proceeds of $465,000, up from its previous announcement. The company will now offer 3,100,000 units priced at $0.15 per unit. Each unit includes one common share and one share purchase warrant, with warrants exercisable at $0.30 per share for a three-year period. The increased private placement requires Toronto Stock Exchange approval.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) ha aumentato il suo collocamento privato non intermediato per raccogliere proventi lordi di $465,000, rispetto all'annuncio precedente. L'azienda offrirà ora 3,100,000 unità al prezzo di $0.15 per unità. Ogni unità consiste in un'azione comune e un warrant per l'acquisto di azioni, con warrants esercitabili a $0.30 per azione per un periodo di tre anni. L'aumento del collocamento privato richiede l'approvazione della Borsa di Toronto.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) ha aumentado su colocación privada no intermediada para recaudar ingresos brutos de $465,000, subiendo desde su anuncio anterior. La empresa ahora ofrecerá 3,100,000 unidades a un precio de $0.15 por unidad. Cada unidad incluye una acción común y una orden de compra de acciones, siendo las órdenes ejercitables a $0.30 por acción durante un período de tres años. El aumento del colocamiento privado requiere la aprobación de la Bolsa de Valores de Toronto.
실버 엘리펀트 마이닝 주식회사 (TSX: ELEF) (OTCQB: SILEF)는 중개인 없는 사모 조달을 늘렸다고 발표하며 총 수익금 $465,000을 확보했습니다. 회사는 이제 3,100,000 유닛을 $0.15의 가격으로 제공할 것입니다. 각 유닛에는 하나의 보통주와 하나의 주식 매수 청구권이 포함되어 있으며, 청구권은 주당 $0.30의 가격으로 3년 동안 행사할 수 있습니다. 이 증액된 사모 조달은 토론토 증권 거래소의 승인이 필요합니다.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) a augmenté son placement privé sans intermédiaire pour lever des recettes brutes de $465,000, comparé à son annonce précédente. La société proposera désormais 3,100,000 unités au prix de $0.15 par unité. Chaque unité comprend une action ordinaire et un bon de souscription d'actions, les bons étant exerçables à $0.30 par action pendant une période de trois ans. L'augmentation du placement privé nécessite l'approbation de la Bourse de Toronto.
Silver Elephant Mining Corp. (TSX: ELEF) (OTCQB: SILEF) hat sein nicht vermitteltes Privatplacement erhöht, um einen Bruttoerlös von $465,000 zu erzielen, was eine Erhöhung im Vergleich zur vorherigen Ankündigung darstellt. Das Unternehmen wird jetzt 3,100,000 Einheiten zum Preis von $0.15 pro Einheit anbieten. Jede Einheit umfasst eine Stammaktie und ein Bezugsrecht auf Aktien, wobei die Bezugsrechte zu einem Preis von $0.30 pro Aktie über einen Zeitraum von drei Jahren ausgeübt werden können. Das erhöhte Privatplacement bedarf der Genehmigung der Toronto Stock Exchange.
- Private placement increase indicates stronger investor interest
- Three-year warrant term provides extended funding opportunity at $0.30 per share
- Offering price of $0.15 per unit represents potential dilution for existing shareholders
- Additional capital raising suggests potential cash flow concerns
Vancouver, British Columbia--(Newsfile Corp. - January 30, 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 and January 27, 2025, it has increased the size of the private placement (the "Private Placement") to 3,100,000 units (the "Units") for aggregate gross proceeds of
The increase is subject to approval by the Toronto Stock Exchange.
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/239008
FAQ
What is the new size of Silver Elephant's (SILEF) private placement announced on January 30, 2025?
What is the price per unit in SILEF's January 2025 private placement?
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Does Silver Elephant's increased private placement require regulatory approval?
